Modern insurance ownership is now attainable: Luzern Risk (formerly XN Captive) introduces the first digital captive platform specifically designed for the middle market.
NEW YORK, April 9, 2025 — , previously known as XN Captive, has announced a $12 million Series A investment from . This funding will accelerate their goal of modernizing captive insurance for the often-overlooked middle market.
Luzern Risk provides a fully integrated, digital captive solution, combining sophisticated software with insurance expertise. This empowers businesses to strategically manage risk, capital, and performance.
With insurers increasing premiums, limiting coverage, and withdrawing from certain markets, more businesses are seeking methods to reduce instability and optimize cash flow. For decades, Fortune 500 companies have quietly used captive insurance as a cornerstone of their risk management, benefiting from control over coverage and the ability to convert unpredictable insurance costs into retained earnings.
However, the complexity of establishing captives has hindered their adoption in the middle market, where many well-run businesses are paying too much for traditional insurance.
Luzern simplifies captive ownership with an accessible, all-in-one platform designed to streamline decision-making and customize solutions to each client’s unique requirements.
“Captives have long been a powerful tool for insurance control, but they have historically been limited to the largest, most well-resourced organizations,” said Gabriel Weiss, CEO and Co-Founder of Luzern Risk. “We designed the Luzern platform to make profitable insurance ownership accessible to everyone.”
Luzern Risk replaces the complex and unclear captive formation process with a single, user-friendly platform. From the initial analysis to ongoing management, Luzern integrates every aspect of the captive lifecycle into a digital system designed for clarity, ease of use, and long-term growth for both new and existing captive owners, as well as agencies and program partners.
“Luzern represents the future of risk infrastructure,” said Varun Gupta, General Partner at Caffeinated Capital. “This is more than just software for a traditional industry. Luzern is creating a new reality where businesses view insurance as a strategic asset, not just an expense.”
Luzern’s disruption strategy is built on its proprietary platform, which features a modern user interface, agentic AI, full API compatibility, and a suite of automations that represent a significant shift from the typical insurance experience.
“There was a time when you had to call your stock broker to get a share price quote. Now you can do it instantly. We see a similar opportunity to modernize captive insurance through design and a world-class customer experience,” said Jonathan York, CTO of Luzern Risk and former Head of Digital Transformation & Client Technology at Bridgewater Associates. “Our platform replaces stacks of paperwork and constant uncertainty with a digital command center and the power of insurance ownership.”
About Luzern Risk
Luzern Risk is the first captive insurance platform specifically designed for the middle market. By combining decades of insurance expertise with modern technology, Luzern provides a seamless experience for evaluating, forming, and managing captives, empowering businesses to control their insurance future. Learn more at:
Media Contact:
Sam Espinosa
Luzern Risk
SOURCE Luzern Risk
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