CATEX, 3Pillar Agree on Joint Technology Venture

CATEX, a Web-based reinsurance and insurance transaction system developer and 3Pillar Associates, a consulting and services company with a team of reinsurance professionals with expertise in information technology, have agreed to an arrangement that provides 3Pillar Associates with use of the CATEX Pivot Point System to service its clients.

Frank Fortunato, CEO of CATEX, says, “We have known many of the 3Pillar people for a long time and their expertise and knowledge of the reinsurance and commercial insurance business is well known. The fact that 3Pillar Associates chose the Pivot Point System is a great endorsement of our product.”

Paul Fox, President, 3Pillar Associates says, “We know of no other reinsurance transaction processing system that offers such a rich functionality, an active enhancement strategy and a complete and cost-effective technology foundation. We view Pivot Point as the best solution to service our clients.”