New York Marine And General Insurance Company Implements Allenbrook’s Phoenix Product
Tuesday, February 03, 2004, Brunswick, Maine- Allenbrook Inc., one of the top three providers of policy processing software and consulting services for the insurance industry, announces that New York Marine and General Insurance Company (NYMAGIC, Inc.) a division of New York Marine Group, has signed a licensing agreement for Phoenix™ adding to a mounting list of insurance companies using Allenbrook’s products. The speed-to-market Phoenix solution will provide NYMAGIC, Inc. with an integrated policy processing and administration system including rate/ quote and issuance, claims, billing, document and workflow management.
“Allenbrook is proud to partner with NYMAGIC, as they are one of the most innovative P&C firms in the industry today,” said Chuck Peck President of Allenbrook. “Phoenix was selected to power their business because of its ability to tailor NYMAGIC’s unique product functions and business requirements, along with our insurance-focused implementation methodology. Most importantly, Phoenix will provide NYMAGIC an unmatched speed-to-market capability while dramatically reducing ongoing maintenance costs.”
George R. Trumbull, Chairman of NYMAGIC, INC. commented,” After we decided to acquire a new, integrated policy administration system to better position our Company for future growth, we went through an extensive six month process to define our needs and select the system that best met our requirements. We chose Allenbrook’s Phoenix system because we concluded that it offered us superior functionality and ease of use given our criteria. We are presently in the implementation phase.”
About Allenbrook (www.allenbrook.com) In business since 1988, Allenbrook is one of the industry’s leading Property & Casualty insurance automation providers, equipping carriers with the technology, innovation, commitment, and resources customers need to evolve by providing their sales, rating, underwriting, accounting, and claims professionals with the software, training, and services they need to compete. Allenbrook is owned by AMS, the market leader in agency systems, so an end-to-end solution is possible. Allenbrook is operated for the benefits of its customers, shareholders and employees. Allenbrook was awarded “Company of the Year” by MESDA.
About NYMAGIC, Inc. NYMAGIC, INC. is an insurance holding company whose Property & Casualty insurance subsidiaries specialize in underwriting ocean marine, inland marine and non-marine liability insurance, and whose agency subsidiaries specialize in establishing markets for such business. The Company maintains offices in New York, San Francisco and Chicago.
Please contact Carolee Dagenais for more information.
Contact:
Carolee Dagenais
Public Relations Manager
Allenbrook, Inc.
866-877-9110
[email protected]
www.allenbrook.com
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