Oxbridge Re Holdings Limited - OXBR STOCK NEWS

Oxbridge Re Holdings reported Q3 2024 results with a net loss of $540,000 ($0.09 per share), compared to a $7.3 million loss in Q3 2023. Net premiums earned increased to $595,000 from $549,000 year-over-year. The company's Web3/RWA subsidiary, SurancePlus, plans to issue two tranches of tokenized securities: a high-yield token targeting 42% return and a balanced yield token targeting 22% return. Total expenses decreased to $498,000 from $688,000 in Q3 2023. Cash and equivalents stood at $4.8 million as of September 30, 2024, up from $3.7 million at end-2023.

Oxbridge Re Holdings (NASDAQ: OXBR) and its subsidiary SurancePlus announced their participation in two major digital assets and fintech events in Singapore. CEO Jay Madhu will speak at Digital Assets Week about 'Reshaping Access to the Trillion-Dollar Reinsurance Industry' alongside strategic partner Zoniqx. The events, scheduled for November 4-8, include Digital Assets Week Singapore and Singapore FinTech Festival 2024.

The company focuses on tokenized Real-World Assets (RWAs) in reinsurance securities and provides reinsurance solutions to property and casualty insurers in the Gulf Coast region. Madhu highlighted their achievement in democratizing access to previously restricted asset classes through security tokens backed by property reinsurance contract premiums.

Oxbridge Re (NASDAQ: OXBR) has scheduled a conference call for November 13, 2024, at 4:30 p.m. Eastern time to discuss its financial results for the third quarter and nine months ended September 30, 2024. The financial results will be released after market close on the same day. The company will host a Q&A session following the presentation. A replay of the call will be available via telephone and through Oxbridge's website until November 26, 2024.

Oxbridge Re Holdings (NASDAQ: OXBR) and its strategic partner Zoniqx have announced their joint participation in key industry events to showcase their collaborative efforts in tokenized reinsurance securities. The events include Token 2049 in Singapore, Permissionless in Austin, RWA Summit NY in New York, Abu Dhabi Finance Week, and Global Blockchain Congress in Dubai, spanning from September to December 2024.

This partnership aims to highlight innovative advancements in leveraging blockchain technology for the insurance industry. Zoniqx's Tokenized Asset Lifecycle Management system and DyCIST protocol are being utilized to set new standards for security and compliance in the Real-World Assets (RWA) tokenization space.

Oxbridge Re Holdings (NASDAQ: OXBR) reported its Q2 2024 results, highlighting stable performance with no losses incurred. The company completed a $2.8 million private placement of tokenized securities through its subsidiary, SurancePlus Inc. Key financial metrics include:

- Q2 2024 net loss: $821,000 or $(0.14) per share
- H1 2024 net loss: $1.73 million or $(0.29) per share
- Q2 2024 net premiums earned: $564,000
- H1 2024 net premiums earned: $1.1 million
- Cash and equivalents as of June 30, 2024: $3.98 million

The company's focus on tokenized Real-World Assets (RWAs) and strategic partnership with Zoniqx position it for potential growth in the blockchain-based reinsurance sector.

Oxbridge Re (NASDAQ: OXBR) has announced its plans to hold a conference call on August 8, 2024, at 4:30 p.m. Eastern time to discuss the financial results for the second quarter and six months ended June 30, 2024. The company will issue a press release detailing the financial results after the market closes on the same day. Management will host the call, which will be followed by a question and answer session. Interested parties can join the call using the provided toll-free and international numbers. A replay of the call will be available via telephone and on Oxbridge's website until August 22, 2024.

Oxbridge Re Holdings (NASDAQ: OXBR) has announced two significant developments through its Web3-focused subsidiary, SurancePlus Inc. Firstly, SurancePlus has partnered with Zoniqx, a digital asset management pioneer, to expand its footprint in tokenizing reinsurance securities. This collaboration aims to revolutionize the reinsurance industry by leveraging blockchain technology.

Secondly, SurancePlus has successfully completed a private placement of 287,705 Participation Shares, represented by EpsilonCat Re digital tokens, raising approximately $2.88 million. These tokens, issued on the Avalanche blockchain, have a targeted 42% return over a 3-year period. This follows the success of their previous DeltaCat Re offering, which achieved a 49.11% return. The EpsilonCat Re tokens were offered to accredited investors in the US under SEC Regulation D and to non-US investors under Regulation S.

Oxbridge Re Holdings announced a 49.11% return on its DeltaCat Re tokenized reinsurance security for the 2023/24 period, exceeding its initial projection of 42%. The digital security was offered to US accredited investors under SEC Regulation D and to non-US investors pursuant to Regulation S. Jay Madhu, President and CEO, highlighted the integration of digital innovations that made reinsurance more accessible through the Avalanche blockchain. The company looks forward to the future with the upcoming EpsilonCat Re token capital raise. This achievement underscores Oxbridge Re's commitment to pioneering in the tokenized real-world asset (RWA) market.

Oxbridge Re Holdings, listed on NASDAQ as OXBR, announced its Board of Directors will evaluate strategic alternatives to maximize shareholder value. The alternatives include a sale, spinout, merger, divestiture, recapitalization, or continuing operation as an independent public company. CEO Jay Madhu emphasized the company's commitment to exploring opportunities for continued success. However, there is no assurance that any transaction will occur or be completed on favorable terms. No specific timetable for the review's conclusion has been set, and the company will not provide further updates until necessary.