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Sompo International closes deal for Lexon Surety Group's operating subsidiaries

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Sompo International closes deal for Lexon Surety Group's operating subsidiaries

Sompo International completed the acquisition of operating subsidiaries of Lexon Surety Group LLC.

The staff and office locations of Lexon will be integrated with Sompo International's surety business. The combined operation will be led by Brian Beggs, executive vice president of Sompo International Surety, who will relocate to Lexon's headquarters in Mt. Juliet, Tenn.

Lexon Surety Group comprises Lexon Insurance Co., Bond Safeguard Insurance Co. and Fortress National Group LLC. The group offers commercial and contract surety bonds, court and probate bonds and U.S. Custom bonds.

Sompo International companies are wholly owned subsidiaries of Sompo Holdings Inc.