A.M. Best Places Credit Ratings of Lexon Insurance Company and Bond Safeguard Insurance Company Under Review With Positive Implications

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has placed under review with positive implications the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “bbb” of Lexon Insurance Company (Lexon) (Austin, TX) and its affiliate, Bond Safeguard Insurance Company (Bond Safeguard) (Sioux Falls, SD). Lexon and Bond Safeguard are wholly owned subsidiaries of Lexon Surety Group, LLC (LSG). The Credit Rating (rating) actions follow the announcement that S