Marsh Canada, XN Risk Launch New Directors' Program with a Lifeline



    
    Breakthrough Program Combines Directors and Officers Cover with
    an Insured Private Healthcare Treatment Plan
    

    TORONTO, Sept. 17 /CNW/ - Marsh Canada Limited and XN Risk, an operating
division of XN Financial Services (Canada) Inc. today jointly announced the
launch of a breakthrough insurance solution for Canadian corporations and
their directors and officers that combines comprehensive directors and
officers liability (D&O) protection with an insured private healthcare
treatment plan that provides key directors and officers with priority access
to leading health care treatment.
    The program is the first executive risk insurance product of its kind to
be offered to Canadian public corporations providing the benefits of a
combined property and casualty and living benefits insurance product. The new
program, known as Director Lifeline(SM), is available at Marsh, is
underwritten by XN Risk and insured through certain underwriters at Lloyd's of
London (currently rated A+ (Strong) by Standard & Poor's). The insured private
health care treatment component insures diagnostic verification,
transportation, accommodation, and treatment at the top one percent of
hospitals in the United States.
    Canadian public companies are faced with two seemingly unrelated
problems: a competitive business environment for attracting and retaining
talent and a public health care system pushed to capacity- the
Fraser Institute reported in 2007 that the average wait time for medically
necessary care in Canada is 9.1 weeks.
    "As part of their efforts to not only manage human capital risk, but to
attract and retain the best available talent in their senior leadership, many
public Canadian companies are taking steps to enhance the benefits and
insurance protection that they provide for their directors and officers," said
Alan Garner, president and CEO of Marsh Canada. "To address these needs, we
are pleased to collaborate with XN Risk on this exclusive new product, which
reinforces our position as the leading experts on executive risk issues in the
Canadian marketplace."
    "We are enthusiastic about working with Canada's leading authority in
regard to directors and officers liability issues," said Dan Anber, president
and CEO of XN Financial. "Our goal is to continue to redefine insurance
products with unique and innovative approaches to meet the evolving personal
risk management needs of directors and senior executives in Canada."
    Additional information on Director Lifeline(SM) is available by
contacting Marsh at any of the firm's offices throughout Canada, by calling
toll-free 1-866 944 8861, by e-mail to info.directorlifeline@marsh.com, or by
visiting www.marsh.ca/directorlifeline.

    About Marsh

    Marsh, the world's leading insurance broker and risk advisor, has 26,000
employees and provides advice and transactional capabilities to clients in
more than 100 countries. Marsh is a unit of Marsh & McLennan Companies (MMC),
a global professional services firm with more than 55,000 employees and annual
revenue exceeding $11 billion. MMC also is the parent company of
Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR
and related financial advice and services; Oliver Wyman, the management
consultancy; and Kroll, the risk consulting firm. MMC's stock (ticker symbol:
MMC) is listed on the New York, Chicago and London stock exchanges. MMC's Web
Site is www.mmc.com. Marsh's Web site is www.marsh.com.

    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 North American 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
Services (Canada) Inc. is headquartered in Montréal, Québec, Canada with the
XN Global(R) Call Center located in Miami, Florida.





For further information:

For further information: Cameron Rose, (416) 868-8895,
cameron.rose@marsh.com; Steve Fretwell, (416) 868-7331,
Steve.Fretwell@marsh.com

Organization Profile

MARSH CANADA LIMITED

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890