Human Resources: World Access Acquires Jefferson Insurance Company

RICHMOND, VA, June 20, 2007 – World Access, one of the nation’s largest travel insurance and assistance providers and subsidiary of Mondial Assistance, has acquired Jefferson Insurance Company from Allianz Global Risks US. World Access, Mondial Assistance, Allianz Global Risks US and Jefferson are part of the Allianz Group, one of the world's leading insurers and financial service providers, headquartered in Munich, Germany.

Jefferson, presently an inactive property and casualty insurer with plans to offer products in all 50 states and the District of Columbia, will begin issuing travel, event ticket and other specialty insurance policies in late 2007. Jefferson has been rated “A” (Excellent) by A.M. Best Company, the organization that rates insurers for their financial strength and stability.

“With the acquisition of Jefferson”, said Jonathan M. Ansell, World Access President and CEO, “World Access will have the facility to directly underwrite the insurance products we have been selling and servicing on behalf of others for 25 years. This fully integrated capability will provide many of our customers with tangible benefits, including greater flexibility in product design and the financial strength of an Allianz company.”

World Access travel and event ticket insurance are currently underwritten by BCS Insurance Company and the two companies plan to continue working together in these and other areas in the years ahead.

As an inactive insurer, Jefferson currently has no employees. World Access plans to add several new positions at its Richmond, Virginia headquarters to support Jefferson’s operations.

About World Access
Founded in 1982, World Access currently employs 680 associates and is best known for its Access America® brand of travel insurance available nationwide through travel agents, airlines, resorts and major travel suppliers. In addition to travel suppliers, World Access’ client list is comprised of employers, banks, credit card companies, healthcare plans, entertainment companies, and more. World Access is a member of Mondial Assistance, the international leader in travel insurance and assistance, and member of the Allianz Group. For more information, visit www.worldaccess.com.

About Mondial Assistance
Mondial Assistance Group: is the worldwide leader in assistance, travel insurance and personal services. With nearly 8,550 staff members it operates on five continents, in over 25 countries. 250 million clients benefit from the group’s services. For more information, visit www.mondial-assistance-group.com

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