Workflow
OXRE(OXBR)
icon
Search documents
Oxbridge announces Strategic Partnership with Zoniqx a pioneer in digital asset management & a successful capital raise for Epsilon Cat Re
GlobeNewswire News Room· 2024-07-17 12:15
Additionally SurancePlus Inc., a subsidiary of Oxbridge, completed a private placement of 287,705 Participation Shares represented by the digital tokens, EpsilonCat Re under a 3-year Participation Share Investment Contract, raising approximately $2.88 million. The offering is the second year of the Cat Re series. The tokens have been issued on the Avalanche blockchain and have a targeted 42% return. The EpsilonCat Re tokens were offered to United States ("US") accredited investors under Rule 506(c) of US Se ...
Oxbridge announces Strategic Partnership with Zoniqx a pioneer in digital asset management & a successful capital raise for Epsilon Cat Re
Newsfilter· 2024-07-17 12:15
Additionally SurancePlus Inc., a subsidiary of Oxbridge, completed a private placement of 287,705 Participation Shares represented by the digital tokens, EpsilonCat Re under a 3-year Participation Share Investment Contract, raising approximately $2.88 million. The offering is the second year of the Cat Re series. The tokens have been issued on the Avalanche blockchain and have a targeted 42% return. Jay Madhu, President and CEO of Oxbridge Re, commented: "Last year, SurancePlus incorporated digital innovati ...
Oxbridge Re's RWA Subsidiary SurancePlus reports 49% Realized return on its 2023/24 DeltaCat Re Tokenized Reinsurance Securities
Newsfilter· 2024-06-11 12:00
GRAND CAYMAN, Cayman Islands, June 11, 2024 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR) ("The Company"), together with its subsidiaries is engaged in the business of tokenized Real-World Assets ("RWAs") initially in the form of tokenized reinsurance securities, and reinsurance solutions primarily to property and casualty insurers, today announced that its Web3-focused, subsidiary, SurancePlus Inc. ("SurancePlus"), earned an impressive 49.11% return on its tokenized reinsurance security, ...
Oxbridge Re to Evaluate Strategic Alternatives
Newsfilter· 2024-06-10 12:00
Our Web3-focused subsidiary, SurancePlus Inc. ("SurancePlus"), has developed the first "on-chain" reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus has democratized the availability of reinsurance as an alternative investment to both U.S. and non-U.S. investors. "To reinforce our strategic vision, we are committed to exploring opportunities that will deliver value to our stakeholders and en ...
OXRE(OXBR) - 2024 Q1 - Earnings Call Transcript
2024-05-11 17:38
Financial Data and Key Metrics Changes - Net premiums earned for Q1 2024 increased to $549,000 compared to $0 in Q1 2023, attributed to contracts in force during the quarter [10] - Total revenues for Q1 2024 were negative $125,000, down from $546,000 in Q1 2023, due to a negative change in the fair value of equity securities [11] - The company reported a net loss of $905,000 or $0.15 per share for Q1 2024, compared to net income of $142,000 or $0.02 per share in the same period last year [28] - The expense ratio increased to 99.8% in Q1 2024 from 0% in Q1 2023, driven by higher general and administrative expenses [13][39] Business Line Data and Key Metrics Changes - The company operates in two segments: Software and Aviation, with the Aviation segment featuring jet aircraft fractions and charter management [6][23] - The acquisition cost ratio increased to 10.9% for Q1 2024 from 0% in the prior year, reflecting earned premiums and expensed acquisition costs [29] Market Data and Key Metrics Changes - The investment portfolio decreased to $284,000 at March 31, 2024, from $680,000 at the end of the previous period, primarily due to the sale of equity securities [30] - The company recognized an unrealized loss of $688,000 on other investments, resulting from the remeasurement of its investment in Jet.AI [27] Company Strategy and Development Direction - The company aims to diversify its business by investing in disruptive technology through its SPAC, Oxbridge Acquisition Corp., which successfully merged with Jet.AI [6][32] - SurancePlus, a subsidiary focused on tokenized real-world assets, was established to democratize access to reinsurance as an alternative investment [24][41] - The company is rebranding as an RWA Web3-focused entity, anticipating significant growth in the tokenized asset market, projected to exceed $10 trillion by 2030 [16][42] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the long-term outlook of the core reinsurance business and the integration of new ventures like Jet.AI [9] - The company is committed to leveraging blockchain technology to enhance financial infrastructure and broaden investor participation [8][41] Other Important Information - The company’s cash and cash equivalents increased to $4.3 million at March 31, 2024, from $3.7 million at December 31, 2023 [26] - Total expenses in Q1 2024 rose to $548,000 from $404,000 in the previous year, due to higher professional and legal expenses [37] Q&A Session Summary Question: Has the first RWA closed yet? - Yes, the first RWA was written last year and is based on a three-year contract with a one-year out, with returns expected to exceed 45% [45]
OXRE(OXBR) - 2024 Q1 - Quarterly Results
2024-05-09 20:02
Exhibit 99.1 Company Contact: Oxbridge Re Holdings Limited Jay Madhu, CEO 345-749-7570 jmadhu@oxbridgere.com Oxbridge Re Holdings Limited Reports First Quarter 2024 Results GRAND CAYMAN, Cayman Islands (May 9, 2024) — Oxbridge Re Holdings Limited ( NASDAQ: OXBR ), (the "Company"), which together with its subsidiaries is engaged in the business of tokenized Real-World Assets ("RWAs"), initially in the form of tokenized reinsurance securities and reinsurance solutions primarily to property and casualty insure ...
OXRE(OXBR) - 2024 Q1 - Quarterly Report
2024-05-09 20:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 1-36346 OXBRIDGE RE HOLDINGS LIMITED (Exact name of registrant as specified in its charter) | Cayman Islands | 9 ...
OXRE(OXBR) - 2023 Q4 - Earnings Call Transcript
2024-03-26 22:45
Oxbridge Re Holdings Limited (NASDAQ:OXBR) Q4 2023 Earnings Call Transcript March 26, 2024 4:30 PM ET Company Participants Jay Madhu - Chairman, President and CEO Wrendon Timothy - CFO and Corporate Secretary Conference Call Participants Operator Good afternoon. Welcome to Oxbridge Re’s Fourth Quarter and Year End 2023 Earnings Call. My name is Shomali and I will be your conference operator this afternoon. At this time all participants will be in a listen only mode. Joining us for today's presentation is Ox ...
OXRE(OXBR) - 2023 Q4 - Annual Results
2024-03-26 20:35
Exhibit 99.1 Company Contact: Oxbridge Re Holdings Limited Jay Madhu, CEO 345-749-7570 jmadhu@oxbridgere.com Oxbridge Re Holdings Limited Reports Fiscal 2023 Results GRAND CAYMAN, Cayman Islands (March 26, 2024) — Oxbridge Re Holdings Limited (NASDAQ: OXBR), (the "Company"), which together with its subsidiaries is engaged in the business of tokenized Real-World Assets ("RWAs"), initially in the form of tokenized reinsurance securities, and reinsurance business solutions to property and casualty today, repor ...
OXRE(OXBR) - 2023 Q4 - Annual Report
2024-03-26 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Transition Period From ________ To ________ Commission File Number 1-36346 OXBRIDGE RE HOLDINGS LIMITED (Exact name of registrant as specified in its charter) | Cayman Islands | 98-1150254 | | --- ...