BOCA RATON, Florida--(BUSINESS WIRE)--XN Financial, a leading provider of insurance and financial products headquartered in Boca Raton, Florida, today announced it entered into an agreement with Relocation Insurance Service, L.P. (RISC) to purchase the insurance portfolio commencing September 1, 2013. XN Financial has been the exclusive insurance capacity and claims services provider to RISC’s clients since 2004.
“RISC has established a strong expertise within the relocation industry, a substantial portfolio of specialty insurance business and is an ideal vehicle through which XN Financial can distribute its suite of international mobility insurance products in the United States,” said Dan Anber, President and CEO of XN Financial. “We are looking forward to integrating our operations, while simultaneously exploring opportunities to provide clients with additional value-added services.”
“We are delighted to be acquired by the XN Financial group which will enable RISC to offer increased services and products to our loyal customer base and enhances our relationships with domestic and international insurance markets,” said Harvey Lewis, founder and Managing Partner of RISC. This integration will provide RISC’s clients access to XN Financial’s mobility expertise and global infrastructure.
“Given the similarities in our firms’ culture and values, we are confident that the transition will be seamless for our clients,” added Mr. Lewis who will continue to serve as a consultant to the group following the acquisition.
About RISC Relocation Insurance Services, L.P.
Relocation Insurance Service, L.P. (RISC) is an independent insurance agency organized to serve only the relocation industry and large real estate agencies. RISC is a member of the Employees Relocation Council (ERC). RISC provides superior service, competitive pricing, and the broadest possible insurance coverage on relocation inventory properties and individually owned dwellings exclusively listed with their real estate broker clients.
About XN Financial
XN Financial is a leading provider of insurance and financial products designed specifically for the needs of relocation companies, multinational corporations, 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 Boca Raton, Florida and is a Henner Group Company. For more information please visit www.xn.com.
