TORONTO, Sept. 25, 2012 /CNW Telbec/ - XN Financial Services (Canada)
Inc. (XN Financial), a leading provider of insurance and financial
products headquartered in Montréal, Québec, today announced it has
entered into an agreement with Canadian Intermediaries Limited (CIL)
governing the integration of CIL's nationwide staff and operations
under the XN Special Risks brand.
"Canadian Intermediaries Limited has an established reputation for
expertise and solutions delivery, a substantial portfolio of business
and is an ideal vehicle through which to distribute XN Financial's
suite of products in Canada," said Dan Anber, President and CEO of XN
Financial. "We are excited about harmonizing our activities and
officially performing as one operation, while simultaneously exploring
opportunities to provide brokers with additional value in new areas."
"We are delighted to be associated with the XN Financial family which
will enable us to offer increased services and products to our loyal
customer base and enhances our relationships with local and London
markets as well as the Lloyd's brokers who are a key part of our
success over the past two decades", said Stephen Stonhill, Director of
CIL. "We are dedicated to increasing product availability to our
existing distribution network and expanding our core business through
the established channels."
The operational integration took effect on April 1, 2012.
About Canadian Intermediaries Limited
CIL is a Canadian federally chartered corporation operating as an
underwriting manager and conduit to the Lloyd's market. As underwriting
manager, CIL represents underwriters specializing in "hard to place"
liability and property insurance in the North American market. It is an
established and respected Lloyd's Coverholder that has represented
underwriters at Lloyd's of London since 1988. CIL has consistently
produced a profitable portfolio and holds an excellent reputation in
the North American and London markets.
About XN Financial
XN Financial 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 Financial 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 Financial is headquartered in
Montreal, Quebec. For more information please visit www.xn.com.
SOURCE: XN FINANCIAL SERVICES (CANADA) INC.
For further information:
XN Financial Services (Canada) Inc.