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Oxbridge Re Holdings Limited (OXBR) is a specialty property and casualty reinsurer, offering tailored reinsurance solutions primarily through its subsidiary. They focus on underwriting fully collateralized reinsurance contracts specifically designed for property and casualty insurance companies, with a key emphasis on the Gulf Coast region of the United States, particularly Florida.
The company's expertise lies in managing medium frequency, high severity risks, where traditional data analysis methods may fall short. This niche allows Oxbridge to provide unique value to its clients by leveraging their advanced underwriting techniques and industry knowledge.
Oxbridge Re Holdings Limited operates solely within one segment: Property and Casualty Reinsurance. This singular focus enables them to dedicate their resources and expertise to deliver optimal reinsurance solutions. Recent efforts and developments include strengthening their risk management frameworks and expanding client partnerships to enhance service offerings and reinsurance capacity.
Headquartered with contact details as Oxbridge Re Holdings Limited, Jay Madhu, CEO (phone: +1 345-749-7570, email: jmadhu@oxbridgere.com), the company remains committed to providing reliable and efficient reinsurance products that meet the evolving needs of the property and casualty insurance market.
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.
Oxbridge Re Holdings reported its first quarter 2024 results, highlighting operational performance in Web-3 and reinsurance tokenization business. The Company's financials showed an increase in net premiums earned, but a net loss of $905,000 compared to a net income of $142,000 in the first quarter of 2023. The loss was primarily due to negative changes in the fair value of equity securities. Despite higher expenses, the Company remains focused on driving innovation and delivering value to stakeholders.
Oxbridge Re (NASDAQ: OXBR) announced its plans to hold a conference call on May 9, 2024, to discuss the first-quarter results ended on March 31, 2024. The call will include a presentation by management, followed by a Q&A session. Interested parties can tune in through a toll-free or international number. A replay will be available via telephone and the company's website until May 23, 2024.
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