Henner – GMC Services Acquires XN Holdings [Health & Beauty Close – Up]

Daniel Anber, President and Chief Executive Officer of XN Holdings, parent company of XN Financial Services, announced that the company has been acquired by Henner - GMC Services.

XN Financial noted it will continue functioning as a privately held operating entity, offering a range of specialty insurance solutions.

According to a release, the acquisition creates an international insurance provider 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 an 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 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 the transaction will remain undisclosed.

XN Holdings is a 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.

Henner - GMC Services is a private operator in France, with over one million affiliates in the brokerage and management of group insurance (Health and Welfare).

XN Holdings:

xn.com

Henner - GMC Services:

henner.com

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