Press Releases

Reinsurers must embrace data analytics
As reinsurers face a perfect storm in terms of a very challenging underwriting environment, Frank Fortunato, chief executive of CATEX, argues to Monte Carlo Today that using technology and data analytics to their full potential can help avoid problems for companies.

Renaissance Re licenses CATEX Pivot Point Application
The Catastrophe Risk Exchange, Inc. (CATEX) announced today the completion of an agreement providing Renaissance Re, a leading global provider of reinsurance and insurance, a worldwide license to the Pivot Point Bordereau Management Application.

CATEX wins third consecutive Best Technology Provider award
CATEX has again won the prestigious designation of Best Technology Provider of the Year from Intelligent Insurer magazine.

CATEX Grants License to SCOR for Data Vera System
CATEX announced its grant of a worldwide license to SCOR to Data Vera a key component of the CATEX Pivot Point Transaction System.

EVENT INVITATION - If your firm is involved with Canadian delegated authority business this event CATEX is co-sponsoring may be of interest to you.
Princeton, NJ – January 16, 2015 - Event Title: Straight through processing of Risk/Premium Bordereaux in Canada.

International Financial Services Firm US RE Licenses CATEX Pivot Point System
NEW YORK, NY and PRINCETON, NJ - Marketwired - Sep 22, 2014 - The Catastrophe Risk Exchange, Inc. (CATEX) and US RE announced today that US RE has licensed the CATEX Pivot Point Transaction System. US RE will implement Pivot Point worldwide within its reinsurance brokerage operation.

CATEX Again Named Best Technology Provider by Intelligent Insurer
The Catastrophe Risk Exchange, Inc. (CATEX) was again named Best Technology Provider by Intelligent Insurer magazine tonight at the annual reinsurance Rendezvous in Monte Carlo. . CATEX earned the same designation in 2013.

A&P Worldwide Solutions Ltd licenses CATEX Pivot Point Reinsurance Platform
CATEX announced today that A&P, a newly formed London reinsurance intermediary, has licensed the CATEX Pivot Point Reinsurance Transaction System. The parties indicated that system implementation and training will begin immediately and A&P expects to be placing business on the system by October, 2014.

London broker RFIB implements CATEX Pivot Point Delegated Authority System
RFIB, an independent international insurance and reinsurance broker with its headquarters in London, announced today that it had completed data migration of legacy bordereau data relating to its North American Binders business to the CATEX Pivot Point Bordereau System.

Holborn Implements CATEX Pivot Point Reinsurance Platform
CATEX, the leading international reinsurance platform developer and operator, today announced that Holborn Corporation, the largest U.S.-based independent reinsurance broker, has completed phase one implementation of the CATEX Pivot Point Reinsurance Transaction System, an end-to-end web-based platform.

CATEX again named as Finalist for top Tech Company
May 1, 2014 London: For the second consecutive year CATEX has been named to the “Short List” of finalists for the Technology Provider of the Year award by Intelligent Insurer magazine. CATEX won the award in September, 2013.
Read The Complete Article Here

In addition to CATEX finalists include Oracle, NTT Data and Xchanging.

You can complete the survey at this link:https://www.surveymonkey.com/s/GlobalReinsuranceSurvey2014 and of course CATEX appreciates your assistance.


CATEX Solutions for Data Risks in Emerging Markets
London—April 15, 2014: Haphazardly collected data could reduce the provision of insurance coverage in emerging markets, but technology provider CATEX offers a solution, as Frank Fortunato tells Intelligent Insurer. “If spreadsheet difficulties currently lead to problems in making pricing judgements on risks from the developed world, on risks we are familiar with, how difficult will it be to get accurate information for pricing on unfamiliar risks from spreadsheets coming from emerging markets?”
Read The Complete Article Here


Samuel F. Fortunato, Former N.J. Insurance Commissioner and CATEX Co-Founder Dies
Princeton, N.J. January 10, 2014 - Samuel F. Fortunato, age 84, of Little Silver, passed away on Wednesday, January 8th. Samuel was born and raised in Brooklyn, New York. He was a graduate of Manual Training High School, Brooklyn. Samuel was the first person in the family to attend college. He was a graduate of Columbia University, class of 1951, and a graduate of Columbia University School of Law, class of 1954. Samuel was a member of the New York and New Jersey bar. He was drafted into the US Army and served for a time in Puerto Rico and received his honorable discharge.

CATEX CEO Interviewed for Day 1 Baden-Baden Intelligent Insurer
Princeton and London, October 21, 2013 – CATEX CEO Frank Fortunato was interviewed by the Intelligent Insurer for their Day 1 Baden-Baden publication. The publication is distributed by hand to all the Baden-Baden Meeting participants and emailed to thousands of Intelligent Insurer subscribers. The text of the interview follows as does the link to the edition.
Read Interview Found On Page 22


CATEX Named “Best Technology Provider”
Princeton and London, September 16, 2013 – On Sunday, September 8, 2013 CATEX was named “Best Technology Provider” at the Intelligent Insurer Global Awards 2013 first annual awards dinner at the Fairmont Hotel in Monte Carlo.

CATEX On A Short List
CATEX Is On A Short List for Intelligent Insurer’s Technology Company of the Year Award at 2013 Monte Carlo Rendez-vous.
Read The Complete Article Here


Xchanging and Lloyd’s Veteran Martin Robinson Joins CATEX
The Catastrophe Risk Exchange, Inc. (CATEX) has hired Martin Robinson, formerly of Xchanging, as Managing Director for CATEX Europe and he will be based in CATEX's London Office.

Lloyd’s Tom Bolt Calls for Underwriter Queries of CAT Models at CATEX London event
On January 30, 2013 CATEX hosted a reception in London attended by industry leaders. Speakers at the event were Tom Bolt, Director, Performance Management at Lloyd’s and John Hamblin, Active Underwriter for Cathedral Syndicate 2010. Insurance Day and Intelligent Insurer featured articles based on Mr. Bolt’s remarks.
A Complete Video Of The Presentation May Be Found Here


Marketform Go Live With CATEX Bordereau Management System
CATEX, a leading web based reinsurance and insurance transaction system operator, announced today that specialist insurer Marketform has commenced active use of its Pivot Point Bordereau Management System.

CATEX and 3Pillar Associates, LLC Agree on Joint Venture System solutions and contingent staffing offered to their respective clients.
CATEX, a leading web based reinsurance and insurance transaction system operator and developer and 3Pillar Associates, LLC a consulting and services company with a –team of reinsurance professionals with industry leading expertise in information technology, accounts management, claims payment, and system operation and implementation, announced today that they have agreed to an arrangement that provides 3Pillar Associates with use of the CATEX Pivot Point System to service its clients.

CATEX Licenses its Pivot Point Bordereau Management System to Marketform Management Services Ltd.
The Catastrophe Risk Exchange, Inc. (CATEX) a leading web based reinsurance and insurance transaction system operator and developer, announced today that Marketform Management Services Ltd., the managing agency of Lloyd’s Syndicate 2468, has licensed the Pivot Point Bordereau Management System.

JRP Underwriting Limited Licenses CATEX Bordereau Management System
CATEX announced today that JRP Underwriting Limited, the UK and Ireland specialist property underwriter, has licensed its Bordereau Management System to operate all of its delegated authority underwriting business. The system will provide bordereau formatting; bordereau upload for underlying risk; premium and claims; and recording of all quotes and special acceptances handled directly by underwriters. All risk related components of JRP Underwriting operations will be managed simultaneously by the system. The Bordereau Management System is part of CATEX’s web-based Pivot Point platform. Pivot Point is used by agents, carriers and brokers to manage insurance and reinsurance business. It is developed and hosted by CATEX from its offices in London, U.K. and Princeton, New Jersey.

Strategic Partnership Delivers Complete Bordereau Solution
The Catastrophe Risk Exchange, Inc. (CATEX) and TriSystems Ltd, both providers of technology platform and services to the global insurance and reinsurance industries, announce a strategic partnership to deliver a full end-to-end solution for bordereau formatting, processing and reporting.

Mag Re Licenses CATEX Pivot Point Reinsurance Software
CATEX Solutions announced today that Mag Re, Intermediario de Reaseguro, S.A. de C.V (“Mag Re”), a new Reinsurance Broker based in Mexico City, Mexico, has licensed the Pivot Point 2.0 reinsurance software platform to operate its start-up reinsurance intermediary operation, including facultative and treaty reinsurance.

Chedid & Associates Licenses CATEX Pivot Point 2.0 Reinsurance Software
A Single Software Platform will support all Chedid Operations.

Richard Banks, Editor of Insurance Day, Interviewed on CATEX TV
The Catastrophe Risk Exchange, Inc (CATEX) announced that Richard Banks, Editor of Insurance Day, will be interviewed today during the 11:30 am EDT (3:30 pm London) live broadcast of CATEX TV at www.catex.com.

CATEX Announces the Release of Pivot Point 2.0
The Catastrophe Risk Exchange, Inc. (CATEX) today announced the release of its Pivot Point 2.0 Reinsurance and Insurance Transaction System platform, which features a .NET upgrade of the entire web based software platform and introduction of a client/market extranet functionality enabling a firm’s trading partners to access their business data over the Internet.

CATEX to present at 5th Annual Insurance Linked Securities Summit
The Catastrophe Risk Exchange Inc. (CATEX) will offer a presentation on "ILS Strategies and the CATEX Global Reinsurance Exchange" at the 5th Insurance Linked Securities Summit at the Millennium Broadway Hotel, N.Y., N.Y. on January 30, 2009. The conference is organized by IQPC.

Bill Riker Interview CATEX TV Monday, May 5th 2008
William I. Riker, former President of Renaissance Reinsurance, will be interviewed on CATEX TV on Monday, May 5th at 11:30 am EDT.

CATEX Announces Release of Pivot Point Mosaic [V1.0] Reporting Service
The Catastrophe Risk Exchange (CATEX) today announced the release of the Pivot Point Mosaic [Version 1.0] Reporting Service, delivering an advanced, web-based reporting solution to its clients.

Kunal Patel Named Executive Vice President of CATEX, Retains CTO Role
The Catastrophe Risk Exchange, Inc. (CATEX) announced today that Kunal R. Patel, currently serving as the company’s Chief Technology Officer, has been appointed Corporate Executive Vice President. Mr. Patel will retain his responsibilities as Chief Technology Officer.

CATEX Pivot Point System Selected by RLI Re Entirely Web-Based System Will Manage Placements of New Reinsurer
The Catastrophe Risk Exchange, Inc. (CATEX) announced today that its Pivot Point web-based reinsurance transaction system has been selected by RLI Re to manage underwriting processes.

CATEX-TV Launched Live - Internet TV Station Covers Reinsurance & Risk News
The Catastrophe Risk Exchange, Inc. (CATEX) announced today that it had launched its live global television channel, CATEX-TV, for users of its Pivot Point Reinsurance System and the public.

CATEX Releases April Transaction Processing Data and Premium Volume for its Pivot Point Systems Worldwide
The Catastrophe Risk Exchange, Inc. (CATEX) today announced selected, aggregate transaction processing data generated by licensees on its Pivot Point Reinsurance & Insurance Transaction Systems during the month of April 2007.

CATEX Releases March Transaction Processing Data for its Pivot Point Systems Worldwide
The Catastrophe Risk Exchange, Inc. (CATEX) today announced selected, aggregate transaction processing data generated by licensees on its Pivot Point Reinsurance & Insurance Transaction Systems during the month of March 2007.

CATEX Releases Initial Transaction Processing Data for its Pivot Point Systems Worldwide
The Catastrophe Risk Exchange, Inc. (CATEX) today released selected, aggregate transaction processing data generated on its Pivot Point Reinsurance & Insurance Transaction Systems during the 2007 renewal season.

Cooper Gay & Cashman Licenses CATEX Pivot Point Service
CATEX announced today that Cooper Gay & Cashman (CGC), a new US reinsurance broker, jointly owned by the London-based Cooper Gay Group, Michael W. Cashman, and CGC employees, has subscribed to a CATEX developed, web-based Reinsurance Transaction Service based on the CATEX proprietary Pivot Point Technology.

JLT Risk Solutions (Bermuda) Ltd. Licenses CATEX PivotPoint Service
CATEX announced today that JLT Risk Solutions (Bermuda) Ltd., a member of the Jardine Lloyd Thompson Group plc, has agreed to subscribe to a CATEX developed, web-based Insurance Transaction Service based on the CATEX proprietary PivotPoint Technology.

CATEX Pivot Point Insurance Transaction System Licensed by Oxygen
CATEX Inc. today announced that Oxygen has licensed the Pivot Point Insurance transaction system for use as a commercial lines and reinsurance system.

Aon Re International Licenses CATEX's Pivot Point Insurance Transaction System
Aon Re International has today announced that it has licensed the Pivot Point insurance transaction system from CATEX Inc. Pivot Point is a web-based system handling the full reinsurance process from business production and quoting through to IBA ledger.

Brown & Brown Re Licenses CATEX Pivot Point Reinsurance Transaction System 100% Web-based System to be Deployed September 1, 2004
The Catastrophe Risk Exchange International, Inc. (CATEX) announced today that Brown & Brown Re, Inc., a leading reinsurance intermediary headquartered in New York, New York, has licensed the CATEX developed, web-based Reinsurance Transaction System based on the CATEX proprietary Pivot Point Technology. Brown & Brown Re will begin using the system in a "live" environment as its exclusive transaction management system on September 1, 2004.

CATEX Delivers Facultative Aggregate Reporting System to QBE
The Catastrophe Risk Exchange International, Inc. (CATEX) announced today that it has completed delivery of a web based Property Aggregate Monitoring System to facilitate the underwriting of facultative property business by the reinsurer QBE Reinsurance Corporation ( QBE ). The system was delivered earlier this year and has undergone testing and function review by QBE.

Pivot Point Reinsurance Transaction System Goes Live at Savannah Re
Today, Savannah Re announced its agreement with Platinum Underwriters Reinsurance, Inc. (Platinum Re) and Glencoe Group Holdings Ltd. (Glencoe Group) for Savannah Re to provide underwriting services to Platinum Re and Glencoe Group.

JLT Re Solutions, Inc. Licenses CATEX Pivot Point Technology; July 1, 2004 Start-Up Date for 100% Web-based System
CATEX announced today that New Jersey-based reinsurance intermediary, JLT Re Solutions, Inc., a member of the Jardine Lloyd Thompson Group, plc, has agreed to license a CATEX developed, web-based Reinsurance Transaction System based on the CATEX proprietary Pivot Point Technology.

Jansen and Hastings Intermediaries Ltd. Licenses CATEX Pivot Point Technology as Core Operating Platform
CATEX announced today that the London based insurance intermediary Jansen and Hastings Intermediaries Ltd., a group company of the BMS Group, has agreed to license a CATEX developed web-based insurance transaction system. This system is based upon the CATEX proprietary Pivot Point Technology and will be adopted by Jansen and Hastings Intermediaries Ltd. as their core-operating platform.