About Us

The Catastrophe Risk Exchange, Inc. (CATEX)

CATEX was founded in 1994. The company is a Financial Technology (Fintech) provider and one of the original InsureTech companies in the insurance and reinsurance industry. CATEX is the leading specialized developer and provider of web-based insurance and reinsurance systems in the world.

Processing thousands of daily transactions, in dozens of currencies placed by hundreds of users, employing over a dozen languages, located in six continents, CATEX systems process over $7 billion annually in premiums and claims and manage tens of millions of risk-related data records on behalf of its clients.

CATEX licenses its software to reinsurance brokers, reinsurers, managing agencies, delegated authority partners and CAT modelers. All CATEX products, from its flagship Pivot Point platform to its Data Vera data cleansing, formatting and auditing application, are web-based and offered as software-as-a-service.

The CATEX headquarters in Princeton, NJ and currently maintains branch offices in London, UK and Ahmedabad, India.

CATEX’S reputation in the global insurance and reinsurance industry is such that it has been awarded the designation of Best Technology Provider three times in surveys conducted by Intelligent Insurer magazine. CATEX regularly attends the Monte Carlo Reinsurance Rendezvous, Singapore International Reinsurance Conference, Reinsurance Association of America CAT Conference and other industry conferences worldwide.

CATEX maintains a reputation for product innovation and a level of client service second to none. CATEX applications are available and fully supported 24 hours a day, 7 days a week. The company’s applications are protected by patent and its production and backup systems are hosted in SSAE16 facilities.

CATEX is in conformance with ISO/IEX 27001:2013 and works closely with the industry to improve data quality and information exchange. CATEX is a Microsoft Certified Partner.

Meet the team

  • Frank Fortunato

    Frank Fortunato co-founded CATEX in 1994 and is its Chief Executive Officer. He formerly served as a Legislative Counsel in the New Jersey Governor’s Office specializing in insurance matters and worked on insurance-related issues for the Energy & Commerce Committee of the U.S. House of Representatives. He is an attorney and has a graduate degree in History from the University of Pennsylvania. He is licensed as a producer in respect of property, casualty and surplus lines and as a reinsurance intermediary by the New Jersey Department of Banking and Insurance.

  • Ritesh Patel
    Chief Technology Officer (CTO)

    Ritesh Patel has over 27 years of experience in the IT sector. He has been with CATEX since 2022, with previous roles at Silver Touch Technologies Limited, his leadership has been pivotal in shaping innovations in enterprise applications and AI-driven solutions. Ritesh's extensive expertise extends to complex national projects, underscoring his commitment to excellence in IT and operations and dedication to cutting-edge solutions.

  • Michael Michaud
    Director of Product Development

    Michael J. Michaud is responsible for leading the research of new features and product redesign of the software platform. He works closely with other department heads to establish development priorities to meet company goals. He has been with CATEX since 2001 and is a graduate of Rider University.

  • Stephanie Fucetola
    Head of Client Services

    Stephanie A. Fucetola is Head of Client Services at CATEX. She has been with CATEX since 2005. She is a graduate of Drexel University. She was previously employed at SB1 Federal Credit Union in Philadelphia. She is responsible for Client Services with a focus on Project Management, Implementation and Training.

  • Tom Bailey
    Chairman of UK

    Tom Bailey is Chairman of CATEX UK. His career in the insurance industry has encompassed broking, underwriting, technology and operations including insurance and reinsurance broking with Sedgwick, Sedgwick re and Guy Carpenter. He has been with CATEX since 2004. Tom is ACII qualified and is a Chartered Insurer. He is Commodore of Lloyd’s Yacht Club, a qualified Yachtmaster and speaks English and French.

  • Shane Hopper
    Client Service Delivery Manager

    Shane Hopper is the Client Service Delivery Manager. He has been with CATEX since 2017 and has over 20 years of client delivery experience. He previously worked at Aon. He is responsible for the CATEX delivery and day to day client service.

  • Adam Steinberg
    Senior Business Analyst

    Adam joined CATEX in 2019 following four years working within the Lloyds market with a focus on Catastrophe Modelling and Underwriting. As a senior business analyst, he works with clients to ensure their business requirements are fully considered and developed to specification. Adam has a specific focus on CATEX`s Data Vera for Exposure Management product, working with our developers to drive it`s direction and enhancements.

  • Srini Sirandasu
    Data Management & Analytics

    Srini Sirandasu works on the Data analytics and Exposure management features of the software platform. He has previously worked in Allied World Reinsurance, JP Morgan & AIG. He has been with CATEX since 2016 and has MS degree from Northern Illinois University.

  • Vincent Farina
    Data Management

    Vincent Farina has been with CATEX since 1998, after receiving a BS degree in computer science from The College of New Jersey. He is on the database team focusing on database development and design for the software platform.

  • Frank Mazzeo
    Infrastructure & Security

    Frank J. Mazzeo III is the head of Infrastructure at CATEX and has been with the company since 2004. He is a graduate of Rider University with a BA in Information Systems. He is responsible for CATEX’s infrastructure at their hosting facilities and offices.

Contact Us

Head Office

Catex Headquaters

619 Alexander Rd., Suite 201
Princeton, New Jersey 08540
Phone: +1 (609) 683 0888
Fax: +1 (609) 683 0808
Email: sales@catex.com

Head Office

European Office

One Lime Street
Suite 721, Gallery 7
London, EC3M 7HA
Phone: +1 (609) 683 0888

Head Office


402, 4th Floor, Kataria Arcade,
B/H, Adani CNG Pump,
B/S, Adani Vidhya Mandir,
S.G. Highway Road, Makarba,
Ahmedabad, Gujarat, India.– 380051
Phone: +1 (609) 683 0888