The Catastrophe Risk Exchange Inc. (CATEX), a New York-based technology provider for the insurance industry, announced the 1800th transaction has been executed on its global trading systems.
CATEX indicates that the 1800th trade was completed late last week on a sub-system of the CATEX Global Exchange. According to company CEO Francis Fortunato, CATEX systems are licensed to insurers, reinsurers, and brokers, and produce transaction results on an hourly basis.
Was this article valuable?
Here are more articles you may enjoy.
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
