For Immediate Release

NEW DAY UNDERWRITING MANAGERS LLC GOES “PAPERLESS” WITH VELOCITY SYSTEM

BORDENTOWN, NJ, January 16, 2006 – New Day Underwriting Managers LLC, an insurance broker’s resource for environmental and construction-related professional liability risks, announced its full implementation of VRC Insurance Systems’ Velocity System to assure an efficient, seamless and paperless underwriting experience for its partner brokers and their clients.

According to New Day Underwriting Managers President Jefferey S. Lejfer, CPCU, “New Day Underwriting’s business model revolves around the commitment to delivering First Class service. We not only aim to provide knowledgeable insight and custom fit insurance programs, but aim to provide it with the most ease and efficiency possible. To help us accomplish this, Velocity’s proven technology has been employed to enhance the delivery of our services.”

“In a world that moves as fast as ours, Velocity is helping us keep pace with our clients’ changing needs and tight timeframes,” said Mr. Lejfer. “The system allows us to deliver quotes with quick turnaround, proficiently bind policies with our many insurance carrier partners and deliver these policies to our clients without delay.”
VRC Insurance Systems President Peter Cooper noted: “VRC unites extraordinary workflow management, business intelligence technology, superior analytical tools and human resources that empowers our client partners to do what they do, Better, Smarter and Faster.”

Velocity provides operational support for New Day Underwriting’s sales and marketing activities, customer and policy servicing, regulatory reporting, and back-office accounting functions. Velocity is an Oracle-based system that features leading edge technology, including Three Tier Application Server and Internet facilities designed to meet the expanding needs of the changing insurance environment for more readily accessible information, with high speed communications to provide accurate policy and client servicing.

VRC, founded in 1986, is a leading provider of integrated P&C insurance systems and services for global/national/regional brokers, independent agencies, MGA's, E&S/Wholesale brokers, and insurance companies. The company develops, implements, and supports their Oracle based systems products, to improve operations, profit performance, and service and communications for P&C insurance industry clients and their customers.

New Day Underwriting Managers LLC provides wholesale insurance broker and underwriting services, assisting insurance brokers and their clients find appropriate, high-quality environmental and construction related professional liability insurance coverages.  The company  offers agents and brokers single-point access to an ample portfolio of products and services provided by the nation’s largest environmental and professional liability insurance providers.  More information about the company is available on their website at   www.newdayunderwriting.com

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