SAN FRANCISCO, July 30, 2001 – In keeping with the company’s core mission of being the leading technology-enabled, fully integrated distributor of insurance and financial services for middle market organizations, USI Insurance Services Corporation announced today that it has licensed BriXML™, the e-benefits infrastructure components from BenefitsXML, Inc.

USI has licensed the BriXML components that enable standard XML-based data exchange services for their customers and partners, authentication and authorization security services for single sign-on and access control across multiple touch-points, and a consolidated customer information database to provide a holistic view of a customer’s relationship across disparate enterprise information systems.

“As the sixth largest broker and number one employee benefits broker in the nation, USI has developed an outstanding reputation for offering linked solutions to protect and grow clients' assets with insurance, risk management, financial management, employee benefits and asset management programs”, states David W. Donahue, president and founder of BenefitsXML, Inc. “This type of integrated business strategy is at the heart of our BriXML e-benefits infrastructure offering.”

“USI is committed to providing truly integrated solutions for our clients. We see BriXML and the capabilities BenefitsXML has to offer as a leap forward towards that goal. By enabling integration across the insurance and financial services supply chain, we provide a holistic solution to our clients. “ states Thomas D. Chase, Chief Technology Officer of USI Insurance Services Corporation. “BenefitsXML offers us a unique technology solution coupled with strong business domain knowledge. Their adherence to open standards such as Java and XML enables us to get to market quickly and effectively while allowing our team to extend their infrastructure components to offer personalized solutions for our customers.”

In addition to licensing the BriXML infrastructure components, the two companies are also announcing a strategic partnership whereby BenefitsXML will be the preferred solution for USI to integrate with their technology partners and product and services suppliers.

About USI Insurance Services Corporation
USI is a diversified insurance services firm focused on a technology enabled, fully integrated delivery of general and specialty property and casualty insurance, financial services such as employee benefits outsourcing, third party administration, and related consulting. Founded in 1994, it has grown rapidly through a series of strategic acquisitions and internal growth to become the sixth largest insurance and financial services broker in the U.S., and the largest broker of employee benefits nationwide. Headquartered in San Francisco, USI currently operates out of 77 offices in 21 states. For more information about USI, visit the company's web site at http://www.usi-insurance.com.

About BenefitsXML, Inc.
BenefitsXML, Inc. supplies technology solutions that enable financial services and employee benefit service providers to deploy and embed their services wherever their customers and partners choose to do e-business. Located in Glastonbury, CT, BenefitsXML currently delivers an integrated suite of e-benefit application and integration software components that enable institutions to increase the value and the frequency of their customer interactions across multiple touch-points; allowing them to generate new revenue opportunities increase customer loyalty and reduce the cost of providing services.


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