CATEX News Launched - Internet TV Station Covers Reinsurance &
Risk News

Princeton, Jun 12, 2007
CATEX News, available at and on YouTube, provides daily live broadcasts each business day at 11:30 am EDT (1630 GMT). CATEX News provides breaking-news bulletins as major stories with potential impact on the global insurance market develop. The broadcast provides information and interviews of interest to reinsurance underwriters, brokers and management.

CATEX News has been operating in a beta mode since April and has interviewed a score of figures in the reinsurance community in connection with breaking news stories. CATEX News sends notices to users of its Pivot Point Systems throughout the world four minutes prior to a broadcast. Pivot Point contains over 13,000 user roles, associated to authorized system users of the reinsurance industry world-wide.

"We believe there is a need for live, non-static news as it affects the risk industry," said CATEX CEO Frank Fortunato. "Other risk broadcast efforts we examined were predominated by 'canned' programming that could be showing an interview taped weeks ago while real time events were impacting reinsurance prices."

"The Pivot Point System is a real time reinsurance system and the necessity for users to access the latest information was a simple realization," said Tom Bailey, CATEX Europe Managing Director, based in London. "We are hardly the first to recognize that trading benefits from timely information," said Bailey.

CATEX News broadcasts each business day from its New Jersey studios. The daily live broadcast is compiled by editors researching over 17 individual daily newspapers; global television feeds; corporate web-sites and industry trade press. In addition the broadcast is derived from news items found via the major Internet search engines which access hundreds of thousands of sources.

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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CATEX Contact
Stephanie Fucetola
+1 609-683-0888