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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 Holdings Limited (NASDAQ: OXBR) announced its 2022 fiscal results, revealing a net loss of $1.8 million or ($0.31) per share, compared to a net income of $8.6 million or $1.49 per share in 2021. The decline was primarily driven by unrealized losses from SPAC investments and expenses from Hurricane Ian. Despite these losses, net premiums for 2022 rose to $995,000 from $965,000 in the previous year. The company also launched SurancePlus Inc., aiming to tokenize reinsurance securities using blockchain technology. A capital raise for SurancePlus promises a potential 196% return over three years for investors.
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