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.
Tech and Finance Sectors Losing 28,000 Jobs Monthly Show AI Impact on Labor 
NYC to Publicly Identify Buildings Testing Positive for Legionnaires’ Bacteria 
El Niño Likely Strongest in 75 Years, US Forecasters Say 
Travelers Builds Insurance-Specific LLM 
