Lastminute renews travel insurance agreement

Lastminute.com renews travel insurance agreement with Mondial Assistance

2/18/2010

Lastminute.com renews travel insurance agreement with Mondial Assistance

Mondial Assistance selected to continue providing insurance cover in new Pan-European contract

18 February 2010 (Press Release - UK) - Mondial Assistance in the UK has signed a new three year pan-European contract with lastminute.com, the UK’s leading online travel and leisure retailer. Around 1.65 million people log on to lastminute.com every week to bag the best deals, and someone books a holiday on the site every 15 minutes.

Under the new agreement, Mondial Assistance will deliver online travel insurance and assistance solutions* to customers booking flights, city breaks and package holidays through lastminute.com, across France, Germany, Italy, Spain and the UK. Customers are offered travel insurance during the booking process, with a range of competitive quotes provided by Mondial Assistance.

Nick Smith, Group Head of Travel Extras, lastminute.com, comments, “Our partnership with Mondial over the past eight years has been extremely successful, and this agreement confirms our relationship throughout Europe and provides the opportunity to increase ancillary revenue sales dramatically. The service we, and our customers, receive from Mondial Assistance has been of the highest quality, and we are delighted to be continuing our partnership for at least another three years.

“Over the coming months we will be working together to look into possible new products and services for our customers, including Missed Event insurance and insurance for Hotel Only bookings. Working closely with Mondial we are absolutely confident that we will be able to provide all insurance products at competitive prices and in line with the latest FSA regulations.”

Ben Smart Corporate & Travel Sales Director for Mondial Assistance in the UK added, “Mondial Assistance has considerable experience in providing fully branded online insurance products, and we are particularly excited to be continuing our successful relationship with lastminute.com. In tough times such as these it is a great encouragement for us to renew such a prestigious and important contract, and we look forward to developing new, bespoke, solutions for the website’s customers and further increasing ancillary revenue.”

* Mondial Assistance Europe N.V. is the Insurer.

Notes to Editors

Mondial Assistance: an intervention every 2 seconds around the world. International leader in Assistance, Travel Insurance and Personal Services, today the Mondial Assistance Group counts more than 9,817 employees who speak 40 different languages and work throughout the world with a network of 400,000 service providers and 180 correspondents. 250 million people, or 4% of the world’s total population, benefit from its services, which the Group provides on all five continents.  Mondial Assistance is a member of the Allianz Group. 

For further press information please contact:

Margot Tomkinson, Justine Hoadley or Jen Staniforth
HSL
Tel: +44 (0)20 8977 9132 or email mondialteam@harrisonsadler.com

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