Catex Expands Its Catastrophe Trading Service

NEW YORK--Catex, the electronic exchange for trading catastrophe risk, is expanding its operations globally. Recent new members include Mitsui Marine & Fire Insurance in Tokyo and REAC in Sydney, Australia. Catex provides an automated trading environment where subscribers can trade catastrophe risks using either standard Catex contracts or their own preferred contracts.

"For the first time ever, people are beginning to see risk prices on a post and browse board like a big bourse or stock exchange

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