Canadian Underwriter

What’s New: In Brief (June 13, 2006)

June 13, 2006   by Canadian Underwriter

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XN Holdings, Inc., parent company of XN Financial Services, XN Risk Insurance Services and XN Private Client Services, has launched XN Private Client Services on the Web at
First launched in 2005, XN Private Client Services is a managing general agent and leading online provider of insurance and financial products for high net worth international assignees and internationally mobile employees.
XN Financial has tailored XN Private Client Services to the unique insurance product and service needs of high net worth individuals.
Recently, XN Private Client Services expanded its suite of insurance products to include:
High value homeowners enhanced levels of coverage for distinctive homes
Valuable articles exclusive policies for exclusive collections, tailored to specific contents
Wind insurance measured solutions against hurricane damage for dwellings and personal property
Vacant homeowners hard-to-find safeguard for principal or secondary dwellings, globally
Course of construction coverage for existing structures when occupants are required to vacate temporarily
Umbrella liability substantial protection against financially disastrous circumstances
Flood/excess Flood defense against the most common and costly natural disasters
Automobile tailored solutions for specialty automobiles that reflect each vehicle’s unique attributes and intrinsic value
Yacht insurance specialized coverage for mega yachts, super yachts and sailing yachts
“XN keenly recognizes that high net worth individuals face unique personal risk management challenges and financial services requirements,” XN Financial president Daniel M. Anber said in a press release. “We are committed to offering the most comprehensive suite of insurance solutions for high value homeowners, anywhere in the world.”

XN Holdings, Inc. has formed a strategic alliance with Global Tax Network (GTN), offering international individual income tax planning and compliance regardless of the home or host country.
Global Tax Network focuses on providing tax solutions for corporations with employees on short- and long-term international assignments. Key GTN program benefits include:
Tax Planning Creative assignment planning and compensation structuring to minimize tax costs to the company and individual associated with an international assignment or transfer.
Tax Preparation Home and host country return preparation including review/analysis of tax codes, provisions and credits relevant in each respective location
Annual Calculations Tax and assignment cost projections, as well as tax equalization, protection and/or reconciliation calculations
Payroll Consulting Expatriate and foreign national areas of focus, including worldwide payroll reporting and withholding requirements
International Tax Liaison Tax notice responses provided for Home and Host country taxing authorities, including representation before applicable taxing authority
“At Global Tax Network, we are committed to excellent client service and to the use of technology to support our services,” Global Tax Network partner David Kolb said. “XN Financial allows us to expand our business with a superior Web platform to better service clients throughout the world.”
GTN joins XN Financial’s roster of independent service providers, further strengthening this first and only alliance of its kind for companies with internationally mobile employees. The alliance is supported by XN’s technology platform, which also includes Web-based resources for personal banking and offshore, online trading. GTN is the latest to align with XN Financial’s team of globally recognized service providers including Citibank’s Personal Banking for Overseas Employees, FGIworld and HTH Worldwide.

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