Aon Re International Licenses CATEX's Pivot Point Insurance
Transaction System

London, October 19th, 2004
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.

Pivot Point's web-based design and central database enables all brokers and technicians working on an account to carry out their tasks on the system. The resulting single entry and full data trail leads to substantial cost savings and valuable management information.

Frank Fortunato, CEO of CATEX said, “Oxygen’s choice of the Pivot Point Commercial Lines System is very important. We are well aware of the reputation they have already gained in the market and their selection of Pivot Point continues to demonstrate the flexibility and scope of our completely web-based system”.

Mike Kelly, Director, IT Division, Aon Limited said, "We reviewed a number of products before selecting CATEX's Pivot Point. We were impressed with the system architecture and the options this provides for multiple offices and regional deployments".

Frank Fortunato, CEO of CATEX said, "Working with Aon and having them license Pivot Point is a major milestone for CATEX and we look forward to a long and rewarding relationship with them".

CATEX's European Managing Director, Tom Bailey said, "With two brokers already live and trading on Pivot Point in London, this European win establishes Pivot Point as a leading European and London Market system. We look forward to working with Aon and building on our success."

CATEX is currently customizing the Pivot Point System to meet Aon Re's specific requests. The complete system is expected to be implemented in April, 2005 for initial use by Aon Re Netherlands followed by Aon Re offices in Belgium and Spain.

The Catastrophe Risk Exchange, Inc. (CATEX) is a leading developer of web based insurance and reinsurance software. CATEX provides software as a service to brokers, agencies and reinsurers to manage all of their Treaty, facultative and commercial insurance needs. CATEX’s flagship products, CATEX Pivot Point and Data Vera, are Microsoft .NET based solutions that provide placement, contract management, fiduciary accounting, ledger control, claims management, multi-currency settlements, bordereau processing, document management, data conversion, and comprehensive MI reporting functionalities. CATEX has been operating since 1994 and is licensed by the New York Insurance Department as a reinsurance intermediary that acts in a neutral capacity.

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About Aon
Aon Corporation ( is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. The company employs approximately 52,000 professionals in its 600 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.

CATEX Contact
Stephanie Fucetola
+1 609-683-0888