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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), has launched a tokenized reinsurance security, DeltaCat Re, through its subsidiary SurancePlus Inc.. This token will represent fractionalized interests in reinsurance contracts, with each token linked to preferred shares of SurancePlus. The tokens are available to accredited investors in the US and non-US investors, aiming for returns of up to 196% over three years, assuming no losses. The initiative seeks to democratize reinsurance investments, allowing broader participation in a traditionally exclusive market, while enhancing shareholder value.
Oxbridge Re Holdings Limited (NASDAQ: OXBR) announced a conference call scheduled for March 30, 2023, at 4:30 PM ET to discuss its financial results for the fourth quarter and full year ended December 31, 2022. The earnings report will be released after market close on the same day. Interested parties can join the call via a toll-free number or an international line. A replay will also be available afterward and can be accessed until April 13, 2023. Oxbridge Re specializes in reinsurance solutions primarily in the Gulf Coast region, focusing on high-severity risks.
Oxbridge Re announced a business combination with Jet Token Inc. via Oxbridge Acquisition Corp. (OXAC). The merger will form Jet.AI Inc., expected to finalize in late Q2 2023. Jet Token specializes in fractional aircraft ownership and charter services, leveraging AI for operational efficiency. Oxbridge Re holds significant equity in Oxbridge Acquisition, valued at approximately $14.26 million. This transaction aims to enhance Jet's growth trajectory in AI software development and fleet expansion, creating potential value for Oxbridge shareholders, according to CEO Jay Madhu.
Oxbridge Re Holdings Limited (Nasdaq: OXBR) has announced the formation of a new wholly-owned subsidiary, SurancePlus Inc., incorporated in December 2022 in the British Virgin Islands. This subsidiary will issue tokenized reinsurance securities representing fractional interests in reinsurance contracts, underwritten by Oxbridge Re NS. Tokens, known as DeltaCat RE Tokens, will be available to accredited investors in the U.S. and non-U.S. investors, potentially offering returns of up to 40% in profitable years. The token offering is set to begin soon, in partnership with Securitize LLC for transaction processing.
Oxbridge Re Holdings Limited (OXBR) has appointed Dr. Reuel Ocho as the head of its special projects division. Dr. Ocho brings 19 years of experience in strategic IT services and digital innovation, previously serving as CTO for the Cayman Islands Ministry of Financial Services. His expertise includes blockchain technology and data architecture. This strategic hire is expected to enhance Oxbridge Re's capabilities as it approaches its 10-year anniversary in 2023, according to CEO Jay Madhu.
Oxbridge Re Holdings Limited (NASDAQ: OXBR) reported mixed financial results for the three and nine months ending September 30, 2022. Net premiums earned increased to $591,000 for Q3 2022, up from $370,000 in Q3 2021, while net premiums for the nine months reached $995,000, a rise from $755,000. However, the Company suffered a net loss of $2.2 million in Q3 2022, compared to a net income of $6.5 million in Q3 2021. The loss ratio increased significantly to 181.6% for Q3 2022 due to Hurricane Ian. Total expenses also rose, affecting the combined ratio, which hit 247.2% in Q3 2022.
Oxbridge Re (NASDAQ: OXBR, OXBRW) plans to announce its third quarter and nine-month results for 2022 on November 14, 2022, followed by a conference call at 4:30 p.m. Eastern time. The results will be released after market close on the same day. This event will include a management-hosted Q&A session. Interested parties can join the call using designated toll-free and international numbers. A replay will be accessible until November 28, 2022, through Oxbridge’s website.
Oxbridge Re Holdings Limited (NASDAQ: OXBR) reported mixed financial results for Q2 and the first half of 2022. The company generated a net income of $77,000 in Q2, down from $448,000 in Q2 2021. For H1 2022, it recorded a net loss of $310,000, compared to $476,000 net income in H1 2021. The decline was attributed to negative fair value changes and decreased investment gains, despite an increase in net premiums earned from $386,000 to $404,000. Total expenses rose due to inflation and higher personnel costs. The combined ratio worsened to 211.3% for Q2.
Oxbridge Re (NASDAQ: OXBR) announced a conference call on August 15, 2022, at 4:30 p.m. Eastern time to discuss its financial results for Q2 and the first half of 2022, following the market's close. The discussion will include a question and answer session, and the details will be available on their website until August 29, 2022. Interested parties can join via the provided toll-free or international numbers, making it accessible for a wider audience.
Oxbridge Re Holdings Limited (NASDAQ:OXBR) reported a net loss of $387,000 ($0.07 per share) for Q1 2022, attributed mainly to negative unrealized changes in investments. Premium income rose to $210,000, up from $181,000 in Q1 2021, reflecting higher rates on reinsurance contracts. Total expenses increased to $361,000 due to higher personnel costs, impacting the expense ratio, which rose to 171.9%. The company maintained a loss ratio of 0%, consistent with the prior year. Management remains optimistic about its long-term prospects despite market volatility affecting the investment portfolio.
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