XN Holdings Unveils XN Risk Services

February 3, 2003

XN Holdings, Inc., a online provider of insurance and financial products, announced the launch of XN Risk Insurance Services, Inc., a Web-based Managing General Underwriter offering management liability insurance for mid-tier, privately held companies.

XN Risk Insurance Services, Inc. is focused on protecting corporate executives and company assets against the risks inherent in running a business. It offers comprehensive coverage, competitive pricing and world-class service for small and medium privately held companies.

“XN Risk is staking out new territory in the insurance marketplace,” Dan Anber, president and CEO of XN Holdings, parent company to XN Risk, said. “We’re offering essential products to a key constituency, and using a high-technology platform to ensure unequaled servicing.”

Industry veteran Phil Hoyt has been selected to serve as managing director of XN Risk Insurance Services, Inc., and to direct underwriting operations for management liability.

The XN Risk product line includes:
·Directors & Officers Liability
·Employment Practices Liability
·Commercial Crime
·Fiduciary Liability
·Future types of coverage will include, Professional Errors & Omissions and Kidnap, Extortion & Detention.

XN Risk Insurance Services, Inc. can offer a $5 million aggregate limit on each line of coverage. Security is with underwriters at Lloyd’s, led by Brit syndicate 2987.

For more information, log onto:www.xnrisk.com

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