XN Holdings, parent company of XN Financial Services, has been acquired by a private operator in France, Henner - GMC Services.
XN Financial will continue to function as a privately held operating entity, offering wide range of specialty insurance solutions.
This acquisition creates XN Financial to provide insurance products 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 $1.3bn 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 managing director Charles Robinet Duffo said XN Financial’s physical locations in North America provide a strategic and natural opportunity to further expand the global presence.
The details of this transaction will remain undisclosed.