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, 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."


Source: Allenbrook Inc.

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