XN Holdings Acquired by Henner - GMC Services

BOCA RATON, FL, Oct. 20, 2011 /CNW Telbec/ - Daniel Anber, President and Chief Executive Officer of XN Holdings, parent company of XN Financial Services, today announced that the company has been acquired by Henner - GMC Services. XN Financial will continue functioning as a privately held operating entity, offering wide range of specialty insurance solutions.

This acquisition creates one of the world's largest international insurance providers specializing in expatriate insurance and administrative platforms for healthcare products as well as Property and Casualty. Supported by Lloyd's capacity, XN Financial's suite of products paired with Henner - GMC-Services well-established carrier relationships and global presence result in a unique offering to the mobility market. Combined, the companies will manage an annual 1.3 billion USD in written premium; enhance global coordination with the addition of four North American offices, and offer innovative approaches to global risk management.

"Henner - GMC Services is a reputable organization that XN Financial has maintained a close relationship with for a decade," said Daniel M. Anber, President and CEO of XN Holdings. "The breadth and quality of Henner - GMC Services' offering is unparalleled in the international mobility marketplace, and this relationship is yet another means by which XN Financial aggregates and continues to deliver the tailored services expatriates and employers need most."

Charles Robinet Duffo, Managing Director of Henner - GMC Services, "For the past ten years, we have generated an ongoing strategic partnership with XN Financial which has leveraged Henner - GMC Services platform and XN Financial's product reach. Our relationship has been built on trust, similar corporate philosophies and strong financial integrity. XN Financial's physical locations in North America provide a strategic and natural opportunity to further expand our global presence."

The details of this transaction will remain undisclosed.

About XN Holdings
XN Holdings is a leading provider of insurance and financial products designed specifically for the needs of international assignees, high net worth individuals and directors and officers of public and privately owned companies. XN Holdings supports its growing portfolio of products with powerful technology, a global call center that offers 24/7 multilingual service and strategic alliances focused in the areas of health, safety and security. XN Holdings is headquartered in Boca Raton, United States of America. For more information please visit www.xn.com.

About Henner - GMC Services
Henner - GMC Services is the leading private operator in France, with over one million affiliates in the brokerage and management of group insurance (Health and Welfare). In France, Switzerland, Singapore, Tunisia, Kenya and Brazil, Henner - GMC Services has over 232,000 beneficiaries abroad in 192 countries and manages a total premium of over 900 million euros.
Since 1947, the group develops and manages health insurance schemes in place within companies and individuals, both in France and abroad, all offers are designed by the group.
For more information please visit www.henner.com.

For further information:

Paul Coleman
XN Financial
514-908-1835
pcoleman@xn.com