CATEX announces 200th transaction

NEW YORK (PROTEXT) - CATEX, the Center of Risk Trading, theworld's largest Internet based risk trading system with over1,000 authorized traders in 17 countries, announced its 200thtransaction yesterday. A total of nearly $1.4 billion in insuredlimit has been bound by the two hundred completed deals. CATEX, which is licensed by the New York Insurance Departmentas a reinsurance intermediary that acts in a neutral capacity,brings pricing transparency to the global reinsurance industry bymaintaining a 24 hour a day "post and browse" board wheresubscribers can find anonymously placed offerings for coverage. A total of $38.5 million in premium supported the $1.4 billionin covered limit that was posted by CATEX. The strike prices foreach of the transactions are available to CATEX subscribers onthe system 24 hours a day. Nearly $500 million in limit was boundby CATEX subscribing member markets. Total CATEX posting activity exceeds 900 offerings to date andthe system sees over 8,000 page hits daily on its Internet site.Aerospace and traditional property & casualty business are thetwo largest market types of business posted by CATEX. CATEX Chief Executive Officer Frank Fortunato said that "weare pleased that our subscribers are taking advantage of thisperiod of great capacity in the market to learn how to better usethe system and transfer risk in the open marketplace". CATEX has over 90 subscribers with offices in Princeton, NewYork, London and Bermuda. The company is the only impartial,global, Internet based trading system for the reinsurance andrisk bearing industry and may be accessed athttp://www.catex.com. Contact Frank Fortunato at 609-683-0888 orHeather Phillips at 212-837-7812. ots Original Text Service:CATEX Internet: http://www.newsaktuell.de Contact: FrankFortunato, 609-683-0888, or Heather Phillips, 212-837-7812, bothof CATEX Web site: http://www.catex.com

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