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.
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