Luzern Risk

Luzern Risk provides captive insurance solutions that allow companies to establish and manage their own insurance entities.[1][2][3][11]

2023 Founded1 News mention

Overview

Luzern Risk provides an end-to-end platform for planning, forming and managing captive insurance companies[3], bundling nine professional services including accounting, actuarial, advisory, claims, investment, legal, management, regulatory and reinsurance alongside a Captive Simulator tool, feasibility studies and captive formation[4]. The company was previously named XN Captive before rebranding with a $12 million Series A announcement[5][6]. Led by co-founder and CEO Gabriel Weiss, previously Entrepreneur-in-Residence at Point72 and co-founder of an acquired AI insurtech, the company operates with roughly 35 team members[7]. Luzern Risk targets commercial real estate, franchises, transport and logistics, retail, InsurTech, health and care, brokers, education, financial institutions, oil and gas, and private equity[9], positioning its offering as reducing captive formation from 300+ hours over 12 months to a 25-hour commitment over 3 months[8]. The company is headquartered in New York[10].

Luzern Risk bundles "9 professional services all in one place" - accounting, actuarial, advisory, claims, investment, legal, management, regulatory and reinsurance - alongside a Captive Simulator tool, feasibility studies and captive formation. [4]

Business address: 1115 Broadway, New York, New York, 10010. [10]

Funding history

Luzern Risk raised a $12 million Series A, announced in coverage headlined "Luzern Risk Secures $12M Series A to Pioneer End-to-End Captive Insurance Platform". [5]

Growth & traction

Luzern Risk's about page lists roughly 35 team members, led by co-founder and CEO Gabriel Weiss, previously Entrepreneur-in-Residence at Point72 and co-founder of an acquired AI insurtech, with Jonathan York as CTO and Sam Espinosa as co-founder and CMO. [7]

Luzern Risk contrasts its package, which it says needs a "25 hour time commitment" and takes "3 months from start to finish", with forming a captive independently, which it puts at a "300+ hour time commitment" over 12 months. [8]

In the news

Alumni

Status

  • Luzern Risk was previously named XN Captive; press listed on its about page is headlined "XN Captive rebrands as Luzern Risk with US$12m funding".[6]

Focus

  • Luzern Risk targets commercial real estate, franchises, transport and logistics, retail, InsurTech, health and care, brokers, education, financial institutions, oil and gas, and private equity, citing that 90% of the Fortune 500 use captives and that there are 7,000+ captives worldwide.[9]

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