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
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.
SOURCE XN Holdings
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