CATEX Named "Best Technology Provider"

PRINCETON, NJ and LONDON--(Marketwired - Sep 16, 2013) - On Sunday, September 8, 2013 CATEX was named "Best Technology Provider" at the Intelligent Insurer Global Awards 2013 first annual awards dinner at the Fairmont Hotel in Monte Carlo.

The Intelligent Insurer Global Awards were made in conjunction with the annul Reinsurance Rendezvous in Monte Carlo a gathering of over 2,000 reinsurance professionals from around the world.

Accepting the award for CATEX from Robert Quinn, Senior Vice President, Wells Fargo Insurance Trust was its CEO Frank Fortunato who commented that "this award is the validation of a lot of hard work on the part of more people than I can name. My sincere congratulations to all of them and to our competitors."

CATEX had a four person contingent present at the Rendezvous and met with over 100 different reinsurers, brokers and managing agents. A brochure describing CATEX and its products may be viewed at this link: CATEX Brochure

About CATEX:

The Catastrophe Risk Exchange, Inc (CATEX) www.catex.com 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, delegated insurance and commercial insurance needs. CATEX's flagship product, Pivot Point, is a Microsoft .NET based solution that provides placement and contract management, fiduciary accounting and ledger control, claims management, multi-currency settlements, bordereau processing, document management and comprehensive MI reporting functionalities. Pivot Point is currently deployed in 20 different countries in 6 languages. Currently over $4 billion in premiums and claims is processed on CATEX developed software. CATEX has been operating the CATEX Global Exchange since 1994 and is licensed by the New York Insurance Department as a reinsurance intermediary that acts in a neutral capacity and is a member of ACORD. CATEX also provides daily reinsurance news updates for those wishing to keep up-to-date with events affecting the insurance and reinsurance industry via its CATEX TV service at http://www.catextv.com.