JLT Risk Solutions (Bermuda) Ltd. Licenses CATEX PivotPoint Service

Princeton, April 13th, 2005
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 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.

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 www.catex.com

CATEX Contact
Stephanie Fucetola
+1 609-683-0888