OneShield Launches Value Added Reseller Program and Signs First Global Alliance

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Marlborough, MA — October 27, 2016

OneShield, Inc. is pleased to announce MFXchange US, Inc. (MFX) of Morristown, NJ, has signed-on as the first alliance member in its new Value Added Reseller (VAR) program — providing MFX with a rapid and efficient way to serve the Medical Professional Liability market with a proven and robust enterprise solution customizable to the needs of this unique customer base.

OneShield’s highly-configurable process automation platform empowers insurers by automating the handling of all stages of their product lifecycle. OneShield Enterprise features policy, billing, rating, claims and partner relationship management. Alliances, such as MFX, will have access to the full suite of OneShield’s software solutions leveraging significant line of business content delivered in the cloud.

“The insurance markets are trending towards more As-A-Service based solutions that can be rapidly deployed with less risk than undertaking entire enterprise transformations” says Glenn Anschutz, OneShield’s President and Chief Executive Officer. Through the VAR program, OneShield is looking to give a wide variety of industry experts the ability to leverage the power of OneShield’s software platform to quickly deploy solutions, relieving insurers’ pain points while allowing them to transform their enterprise over time.

OneShield is well known to offer and deliver pre-built core solutions designed for the P&C and Life markets however the added value of this program enables 3rd party organizations to take advantage of the extensibility of the platform to build bespoke solutions either for a client or to market standalone. “Our reseller program offers consulting firms, integrators and other companies the opportunity to broaden their potential customer base and deliver a proven platform that can be easily adapted to a wide range of financial services,” continues Glenn Anschutz.

OneShield and OneShield Insurance Software are registered trademarks of OneShield, Inc. Other capitalized terms used herein are also protected marks of OneShield, Inc. Copyright 2016 by OneShield, Inc. All rights reserved. “For MFX, this is a great opportunity to enhance our already strong presence in the P&C insurance market, where we service multiple lines of business, across various geographies using our best of breed Integrated Insurance Platform (IIP),” says Matthew Simmers, MFX’s Senior Vice President of Application Services. “The addition of the OneShield platform capability to the mix allows us to further extend our offerings by not only providing a next-generation insurance platform specifically tailored to meet the demands of the Medical Professional Liability market, but also the capability to quickly configure and deploy targeted line of business solutions across the space.”

OneShield’s VAR program was launched earlier in 2016 and the company is currently in various stages of discussions with other alliance members.

To read the complete press release, Click Here.

MFX Accelerates Speed of Business With Pure Storage

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MORRISTOWN, New Jersey, January 12, 2016

With Pure Storage FlashArray//m, MFX Modernizes its Datacenters to Provide Customers With Faster Access to Business Applications and an Enhanced User Experience

MFX, a specialist vertical system integrator for the insurance industry, today announced that it has chosen Pure Storage (NYSE: PSTG), the market’s leading independent solid-state array vendor. This association will speed up delivery of business applications and lower datacenter management costs, while also replacing its legacy disk-based storage systems.

Speaking on the occasion, Michael F. Wright, Senior VP Infrastructure Services, MFX, said, “The all-flash storage feature of Pure Storage will further accelerate our business and translate it into immediate impact for our customers. Pure’s technology has shown significant improvement to the service we provide our customers as a result of accelerated performance, increased operational efficiency and application development. By becoming the heart of our infrastructure, Pure takes away the worry from managing storage.”

Jonathan Martin, CMO, Pure Storage was delighted with this partnership and said, “MFX customers depend on their services and ability to access verified data at the right time. By opting for the right storage, the end-user experience, being provided by MFX will only scale to new heights. We are excited to support MFX through this and hope to discover even greater possibilities together.”

About MFXchange Holdings, Inc.

MFX is a fully-owned subsidiary of Quess Corp Limited, which is a step down subsidiary of USD 42+ billion (as of 30th Sept 2015) Multinational Fairfax Financial Holdings. MFX is a specialist vertical system integrator for insurance industry providing end-to-end services leveraging strong capabilities in PaaS, Infrastructure, ADM, BPO, Analytics and GRC services. Headquartered in Morristown, NJ, MFX has additional locations and datacenters in Virginia, Texas, Toronto, Ireland, and multiple development centers in India. MFX provides critical support and business applications to the property and casualty industry, processing more than $2.7 billion in insurance premiums annually for customers on its systems and supporting customers core insurance applications, infrastructure and business processes.

www.mfxservices.com. For more information, contact: Arvind Sunder, DGM – Marketing, asunder@mfxservices.com

MFX Announces New Client, Polished Pig Media

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Morristown, NJ — January 28, 2015 — MFX, a leading provider of hosted IT applications and outsourcing solutions, has announced that Polished Pig Media — a national public relations company — has selected MFX to manage its MS Exchange and Lync messaging services, as well as provide network and desktop support.

“We are delighted to be part of Polished Pig Media’s growth plans,” stated Michael Wright, President of Infrastructure at MFX. “The services we’re providing are ones we do exceedingly well. We’re well positioned to support this new client.”
With expansion plans underway and employees now across the country, Polished Pig Media’s needs include:

  • An email system with room to grow
  • A more robust messaging system
  • Access to a higher level of technical skills for desktop and network support
  • 24/7 support for its geographically-diverse staff

“Polished Pig Media is thrilled about our new partnership with MFX, which allows us to have a more streamlined communication plan as well as reliable technology support to match our company’s goals for productivity and expansion,” said MelanyMullens, founder of Polished Pig Media.

About Polished Pig Media

Polished Pig Media is a national public relations firm serving up the best in media management for the food, travel, lifestyle, and hospitality industries. We are a relationship-based, results-oriented company, that combines the care and accountability of a boutique agency with the scope and vision of a national firm. Every client is unique, so our campaigns are tailor-made to suit individual goals and challenges. Organized and logical, non-traditional and creative, Polished Pig Media employs a diverse team of communications and event production specialists with strong media relationships. We’re not afraid to get our hands dirty to deliver polished and targeted results for our clients.

About MFX

MFX provides its clients with solutions for higher profitability through increased speed to market and resource efficiencies. Deep expertise is woven into our full suite of systems integration, information technology and business process services capabilities, enabling our clients to operate faster and smarter in a complex business environment.

www.mfxservices.com. For more information, contact: Arvind Sunder, DGM of Marketing, asunder@mfxservices.com

MFX Announces a New Client, Work First Casualty Company

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Morristown, NJ — January 21, 2015 MFX — a leading provider of hosted IT applications and outsourcing solutions for the P&C (property and casualty) insurance industry — has announced that Work First Casualty Company has selected it to provide BPO (business process outsourcing) services.

“Work First Casualty is a well-respected provider of workers’ comp insurance,” said William Moss, MFX’s senior vice president of Sales and Marketing. “We offer extensive experience in BPO services for our carrier clients, and are pleased to welcome Work First Casualty to the group. We look forward to contributing to their growth.”
With assistance in unit stat reporting, as well as workers’ comp reporting for state and the National Council on Compensation Insurance, Work First will focus further on revenue generation by:

  • Offloading non-mission-critical back office functions
  • Reducing costs

“By outsourcing administrative tasks to MFX, Work First is able to focus our staff on producing revenue and improving service to our insureds,” said Jamie Madden, president of Work First Casualty. “Additionally, partnering with MFX has improved internal staff morale by offloading repetitive and time consuming tasks that pulled staff away from our goal of providing world class customer service.” 

About Work First Casualty

Work First Casualty Company is authorized to write workers’ compensation in forty states including the District of Columbia, and provides guaranteed cost and medium deductible workers’ compensation insurance exclusively to temporary staffing companies. The Company’s staffing industry specific loss prevention programs and industry leading claims management drive down claims costs and improve insureds’ operating performance. To learn more, visit www.workfirstcasualty.com

For more information, contact:Bruce Winterrowd, (630) 416-7594 bwinterrowd@workfirstcasualty.com

About MFX

MFX provides its commercial insurance clients with solutions for higher profitability through increased speed to market and resource efficiencies. Deep P&C expertise is woven into our full suite of systems integration, information technology and business process services capabilities, enabling our clients to operate faster and smarter in a complex business environment. www.mfxfairfax.com. For more information, contact: Diane Phillips, Director of Marketing, dephillips@mfxfairfax.com

MFX Announces a Policy Solution that Leverages P&C Carrier Assets

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Morristown, NJ — January 21, 2014 — MFX, a leading provider of hosted IT applications and outsourcing solutions for the P&C insurance industry, has announced a new cost-effective, on-demand policy administration solution focused on the specialty lines and excess markets, delivered through our secure virtual private cloud. MFX’s full lifecycle policy solution, integrating with carriers’ customized rating/pricing Excel workbooks, provides full support for rate, quote, bind and issue along with forms management. All data is available for use with the carrier’s target systems including, but not limited to, booking, general ledger, billing and reinsurance.

“We understand that rating workbooks created in Excel are the backbone of many carriers’ systems, and those intellectual properties are what distinguishes them in the marketplace. However, there have always been difficulties getting that information into the corporate systems,” said Mr. Raymond A. Roy, Chairman and CEO of MFX. “We recognize that this is an asset of key importance to insurers, yet using it often results in duplicate data entry, inadequate version and change control, and a lack of good governance and auditing. Additionally, compliance and data analytics have been more challenging to achieve.”

“We have long solved this problem within our end-to-end Integrated Insurance Platform,” Mr. Roy continued, “and are now offering our policy solution as a separate additional service. We welcome the opportunity to demonstrate our capability to carriers by integrating one of their existing Excel workbooks, risk-free.”
For more information about MFX and its services, please contact Diane Phillips, Director of Marketing at 973-254-5402.

About MFX

Helping you meet your goals and needs is our culture and focus. Founded in 2001 and a wholly owned subsidiary of Fairfax Financial Holdings LTD, MFX combines the deep industry and technology experience of its employees with our culture of agility and business model flexibility to service all of our valued clients.
MFX has two fundamental businesses:

• MFX is a seasoned provider of customized datacenter and infrastructure services including private cloud offerings, across all industries.
• MFX provides end-to-end commercial property and casualty insurance application and BPO solutions to the P&C industry.

Headquartered in Morristown, NJ, with additional locations in Toronto, ON, Dallas, TX, Ireland and India, MFX has two world-class datacenters in Ridgefield Park, NJ and Roanoke, VA. A third datacenter, also in Toronto, is focused on MFX cloud offerings.

MFX Sponsors the Joe Torre Safe at Home Foundation

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Morristown, NJ — December 6, 2013 — MFX is proud to have been a sponsor for the 11th annual Joe Torre Safe At Home Foundation gala, held November 14th in New York City. This charity’s mission is to educate children and adults to end the cycle of domestic violence and save lives. Currently, the foundation has ten fully funded and operational safe rooms in schools in New York City, Los Angeles, Westchester County and New Jersey that provide professional counseling in domestic violence intervention and prevention. MFX has supported Joe Torre’s work since 2011, and congratulates Joe in his efforts.

About MFX

Helping you meet your goals and needs is our culture and focus. Founded in 2001 and a wholly owned subsidiary of Fairfax Financial Holdings LTD, MFX combines the deep industry and technology experience of its employees with our culture of agility and business model flexibility to service all of our valued clients.
MFX has two fundamental businesses:

  • MFX is a seasoned provider of customized datacenter and infrastructure services including private cloud offerings, across all industries.
  • MFX provides end-to-end commercial property and casualty insurance application and BPO solutions to the P&C industry.

Headquartered in Morristown, NJ, with additional locations in Toronto, ON, Dallas, TX, Ireland and India, MFX has two world-class datacenters in Ridgefield Park, NJ and Roanoke, VA. A third datacenter, also in Toronto, is focused on MFX cloud offerings.

MFX Announces New Professional Services Offering for Property and Casualty Insurance

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Morristown, NJ — November 22, 2013 — MFX, a leading provider of hosted IT applications and outsourcing solutions for the property and casualty insurance industry, has announced a new low cost, no risk, turnkey, professional service offering using tools and processes that MFX has developed for its Integrated Insurance Platform (IIP). Using our private cloud, this innovative offering quickly imports MGA and TPA claim and policy data, validates the data with company-specific rules, and exports it into a targeted format used by the company’s operational systems. New MGAs and TPAs can be brought on quickly, transactional integrity is ensured, and rekeying errors are eliminated. Pricing consists of a one-time setup fee and a charge per upload.

“Virtually every P&C carrier in the industry is faced with ingesting variable data from its TPAs and MGAs into home office administration system(s) — a time-consuming, iterative process, fraught with errors and frustration both for the carrier and their TPA and MGA partners. The goal of making it easier to do business with MGAs and TPAs is high on every carrier’s list,” said Mr. Raymond A. Roy, Chairman and CEO of MFX.

Mr. Roy went on to say, “Our solution, long a hallmark of our Integrated Insurance Platform, is now being offered as a low-cost, risk-free, standalone, turnkey professional service. We’re extremely confident of its potential to save time and expense for any insurance carrier, and to that end, we can offer companies a zero-cost proof of concept. We will prove our solution by taking a production MGA or TPA and implement it using our offering, to demonstrate our speed and accuracy.”

For more information about MFX and its services, please contact Diane Phillips, Director of Marketing at 973-254-5402.

About MFX

Helping you meet your goals and needs is our culture and focus. Founded in 2001 and a wholly owned subsidiary of Fairfax Financial Holdings LTD, MFX combines the deep industry and technology experience of its employees with our culture of agility and business model flexibility to service all of our valued clients.
MFX has two fundamental businesses:

  • MFX is a seasoned provider of customized datacenter and infrastructure services including private cloud offerings, across all industries.
  • MFX provides end-to-end commercial property and casualty insurance application and BPO solutions to the P&C industry.

Headquartered in Morristown, NJ, with additional locations in Toronto, ON, Dallas, TX, Ireland and India, MFX has two world-class datacenters in Ridgefield Park, NJ and Roanoke, VA. A third datacenter, also in Toronto, is focused on MFX cloud offerings.

MFX Announces Membership in the Open Data Center Alliance

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Morristown, NJ — August 28, 2013 — MFX is pleased to announce its membership in the Open Data Center Alliance, an organization of leading global IT companies, whose goal is to accelerate the transformation to cloud computing by developing and recommending best practices and standards for IT requirements. This includes technical requirements definitions, usage model roadmaps, and connections to other relevant IT standards. Founded in 2010, the ODCA is quickly becoming a recognized, international source.

“Vetted by the Alliance Steering Committee’s rigorous process, MFX was selected as one of only 38 in their service provider category,” said Raymond A. Roy, CEO of MFX. “We will be involved in defining those standards, committing to them, and delivering solutions based on the usage models. We will contribute our expertise, particularly in the areas of standard units of measure, hybrid cloud integration and migration, security and automation. In this way, we will help provide users a simpler, more secure, and more efficient path to cloud computing.”

For additional information on MFX and its services, please contact Diane Phillips, Director of Marketing at 973-254-5402.

About MFX

Helping you meet your goals and needs is our culture and focus. Founded in 2001 and a wholly owned subsidiary of Fairfax Financial Holdings LTD, MFX combines the deep industry and technology experience of its employees with our culture of agility and business model flexibility to service all of our valued clients.
MFX has two fundamental businesses:

  • MFX is a seasoned provider of customized datacenter and infrastructure services including private cloud offerings, across all industries.
  • MFX provides end-to-end commercial property and casualty insurance application and BPO solutions to the P&C industry.

Headquartered in Morristown, NJ, with additional locations in Toronto, ON, Dallas, TX, Ireland and India, MFX has two world-class datacenters in Ridgefield Park, NJ and Roanoke, VA. A third datacenter, also in Toronto, is focused on MFX cloud offerings.

MFX Announces the Insurance Integration Tool, a New Data Integration Product

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Morristown, NJ — June 27, 2013 —MFX has announced the creation of a unique data integration product, the MFX Insurance Integration Tool. Developed specifically for the property and casualty insurance industry, it provides a rapid means of integrating transaction data submitted by a carrier’s business partners, such as MGAs and TPAs, into the company’s premium and loss systems.

The MFX Insurance Integration Tool requires no custom coding, making it available for use by business, data and systems analysts — saving time and expense. Excel-based, designed with multiple methods for mapping using drag and drop techniques and formatted dialogues, the Insurance Integration Tool contains structural transformation processes as well as field mapping and desktop testing features.

“We are very excited to offer this new type of product,” said Raymond A. Roy, CEO of MFX. “Our Insurance Integration Tool gives analysts the freedom to integrate data when and how they need it, without having to wait for programming support. This will certainly increase a business’ efficiency, while lowering costs.”

“While developed for the property and casualty insurance industry, the MFX Insurance Integration Tool has been architected to map any data source to any data target, making the product available to the rest of the insurance industry,” he continued. “We believe the potential of the Insurance Integration Tool is virtually unlimited.”

For more information about MFX, contact Diane Phillips at 973-254-5402 or email at dphillips@mfxfairfax.com. 

About MFX

Founded in 2001 as a wholly-owned subsidiary of Fairfax Financial Holdings Limited, a multi-billion dollar financial services holding company, MFX combines the deep P&C processing experience of its employees with our culture of speed and business model flexibility to service both start-up and established insurers seeking to “move at the speed of opportunity.” Headquartered in Morristown, NJ, MFX has data centers in NJ, VA and Canada. The company’s core product is the Integrated Insurance Platform, an on-demand, end-to-end P&C processing backbone, supplemented with related business process outsourcing services. MFX also performs hosting, applications, and network management for numerous global organizations. (www.mfxservices.com

MFX Selects Prevail Reinsurance System for P&C Integrated Insurance Platform Solution

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New Canaan, CT — March 1, 2013 — Prevail Consulting, Inc., a leading insurance technology and services provider, and MFX, a leading provider of hosted IT applications and outsourcing solutions for the P&C insurance industry, today announced an agreement whereby MFX will provide the Prevail Reinsurance System as a component of MFX’s Integrated Insurance Platform, a comprehensive, on-demand, end-to-end solution suite for the P&C industry. The Prevail system will also be offered as part of MFX’s business process outsourcing services.

“The integration of the Prevail Reinsurance System into MFX’s robust end-to-end software suite aligns perfectly with our strategic focus in delivering world class technology and services to our clients,” said Raymond A. Roy, Chairman and CEO at MFXchange Holdings. “After a thorough review of the marketplace, I believe that the Prevail reinsurance solution is a functionally rich addition to our suite of integrated components.”

The Prevail Reinsurance System fully automates the management of reinsurance data for insurance and reinsurance companies. It automatically creates cessions, payables and recoverables from direct and assumed premium and loss data and returns the data to the original source systems. The Prevail Reinsurance System generates and manages statutory reports, including Schedule F. Built on state-of-the-art web technology, it can be accessed world-wide. It is a robust rules-based, table-driven, multi-currency solution providing immediate savings by significantly increasing efficiency, improving information access and reducing total cost of ownership.

About Prevail

Since 2000, Prevail has been providing reliable and innovative technology solutions exclusively to the insurance industry. Prevail is recognized by its clients for business expertise, commitment, and delivering quality work products in a cost-effective manner, no matter how complex the requirement. In addition to the Prevail Reinsurance System, Prevail provides application development and support; business analysis; independent quality testing; data migration and integration; and P&C insurance systems and IT assessment. (www.prevailconsulting.com) For more information about Prevail, contact Ms. PilarHoyos at 203-972-7449 or email phoyos@prevailconsulting.com.

About MFX

Founded in 2001 as a wholly-owned subsidiary of Fairfax Financial Holdings Limited, a multi-billion dollar financial services holding company, MFX Fairfax combines the deep P&C processing experience of its employees with our culture of speed and business model flexibility to service both start-up and established insurers seeking to “move at the speed of opportunity.” Headquartered in Morristown, NJ, MFX has data centers in NJ, VA and Canada. MFX’s core product is the Integrated Insurance Platform, an on-demand, end-to-end P&C processing backbone, supplemented with related Business Process Outsourcing services. MFX also performs hosting, applications, and network management for numerous global organizations. (www.mfxservices.com) For more information about MFX, contact Mr. Arvind Sunder at (866) 639-6399 or email asunder@mfxservices.com.