CATEX and 3Pillar Associates, LLC Agree on Joint Venture System solutions
and contingent staffing offered to their respective clients

Princeton and London, April 6, 2011
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.

Frank Fortunato, CEO of CATEX, said "we have known many of the 3Pillar people for a long time and their expertise and knowledge of the reinsurance and commercial insurance business is well known." The fact that 3Pillar Associates chose the Pivot Point System is a great endorsement of our product." continued Fortunato

Paul Fox, President, 3Pillar Associates said "We know of no other reinsurance transaction processing system that offers such a rich functionality, an active enhancement strategy and a complete and cost-effective technology foundation. We view Pivot Point as the best solution to service our clients."

3Pillar Associates plans to provide the full complement of front and back office processes to reinsurance intermediary clients and to managing general agencies in the United States and abroad. The full array of 3Pillar Associates’ operational suite will be offered through the Pivot Point System.

Ultimately, 3Pillar Associates intends to pass Pivot Point operational responsibility directly to its larger and medium sized clients while continuing to provide consulting services for them.

About 3Pillar Associates, LLC
3Pillar Associates, LLC fills the short and long-term needs for flexible, unbundled resources in the global insurance industry. Its leaders are a unique collection of the most experienced professionals in insurance and reinsurance services and information technology. The firm offers consulting and contingent staffing solutions in several specialty areas including contract review, claim analyses and audits, collections, run-off support and operational reviews. Together with industry partners, 3Pillar Associates also offers extensive experience in business and technology alignment, global project delivery, project management and technology services delivery.

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.

For more information visit us

CATEX Contact
Stephanie Fucetola
+1 609-683-0888

CATEX Contact Europe
Tom Bailey, Chairman
+44 (0)207-816-269