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 and JLT Risk Solutions (Bermuda) Ltd. will be working over the next several weeks to implement customized enhancements for use by JLT. The parties expect that the system will be fully implemented during the summer 2005.

About The Catastrophe Risk Exchange International, Inc. (CATEX)
The Catastrophe Risk Exchange International, Inc. (CATEX) is a leading provider of web-based trading and back-office services to the international insurance and reinsurance market. The PivotPoint Service, a completely web-based insurance and reinsurance management system, is the company’s flagship service. A significant percentage of the top reinsurance intermediaries in the world have subscribed to the PivotPoint service. Over 100 different syndicates, insurers, reinsurers and brokers conduct business on Pivot Point daily. CATEX develops its systems exclusively using Microsoft technology. CATEX also operates the CATEX Global Exchange, a web-based reinsurance marketplace. The company has been in operation since 1994 and has offices in Princeton, NJ and London. More information about CATEX may be found at www.catex.com

About JLT Risk Solutions (Bermuda) Ltd.
JLT Risk Solutions (Bermuda) Ltd. is a wholly-owned subsidiary of the Jardine Lloyd Thompson Group plc, which operates in 30 countries, employing more than 5,000 people.
Following the contraction of market capacity for certain industry sectors in 2001, Bermuda quickly filled the vacuum with the creation of highly-capitalised new underwriting entities and a significant injection of additional capacity by existing players.
JLT Bermuda has grown exponentially to meet the challenges and opportunities presented by this rapid increase in the volume of business. Our staff has doubled since 2001 and we now employ 50 professionals in our insurance broking and captive management operations.
JLT Risk Solutions (Bermuda) Ltd. is the third largest insurance broker in Bermuda, placing premium volumes of more than US$400m in the Bermuda market across three principal lines of business:

•Excess Casualty
•Professional Liability
•Property

We have developed an expertise in lines of coverage that are of key importance to our clients, focusing mainly on direct insurance placements, or facultative reinsurances including reinsurance of captives.
We are committed to further building and strengthening our resources in Bermuda to ensure that we consistently deliver a superior standard of service for our clients.