CATEX Pivot Point System Selected by RLI Re Entirely Web-Based System
Will Manage Placements of New Reinsurer

Princeton, Oct 17, 2007 11:30 ET
The Catastrophe Risk Exchange, Inc. (CATEX) announced today that its Pivot Point web-based reinsurance transaction system has been selected by RLI Re to manage underwriting processes.

The Peoria, IL-based RLI recently formed a facultative reinsurance division. The reinsurance division will initially focus on underwriting property business.

"We look forward to deploying the web-based technology in our new reinsurance operation. While this system is capable of handling a wide range of underwriting, accounting and claims activities, we are customizing our usage to integrate into existing RLI systems. Pivot Point is flexible and comprehensive enough so that we can choose different points in each process where to exit data and in what format to meet the needs of existing corporate systems," remarked Kevin Brawley, RLI Re President.

Frank Fortunato, CATEX CEO, said, "The combination of processes handled by the web-based Pivot Point system gives RLI Re a lead over others who are forced to gather data from multiple non-web based systems -- immediacy always is an advantage for an underwriter."

Pivot Point is currently being used by brokers, underwriters and managing agents in 17 countries and has been deployed in four languages. The system currently processes transactions in over fifty currencies.

CATEX has been providing insurance and reinsurance software to clients since 1994.

About RLI
RLI, a specialty insurance company, offers a diversified portfolio of property and casualty coverages and surety bonds serving "niche" or underserved markets. RLI operates in all 50 states from 25 office locations. The company's talented associates have delivered underwriting profits in 26 of the last 30 years, including the last 11. RLI's insurance subsidiaries -- RLI Insurance Company, Mt. Hawley Insurance Company and RLI Indemnity Company -- are rated A+ "Superior" by A.M. Best Company and A+ "Strong" by Standard & Poor's. More information about RLI may be found at

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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