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Oxbridge Re to Evaluate Strategic Alternatives
OXREOXRE(US:OXBR) Newsfilterยท2024-06-10 12:00

Core Insights - Oxbridge Re Holdings Limited has initiated a process to evaluate strategic alternatives aimed at maximizing shareholder value, which may include various options such as sale, spinout, merger, divestiture, recapitalization, or continuing as an independent public company [6][4][3] - The company's subsidiary, SurancePlus Inc., has developed the first "on-chain" reinsurance Real-World Asset (RWA), making reinsurance more accessible as an alternative investment for both U.S. and non-U.S. investors [1][4] Company Overview - Oxbridge Re Holdings Limited is headquartered in the Cayman Islands and operates in the tokenized Real-World Assets (RWAs) sector, focusing on tokenized reinsurance securities and solutions for property and casualty insurers through its subsidiaries [4][6] - The company is committed to exploring opportunities that will deliver value to stakeholders and ensure continued success in its evolving industries, as stated by the CEO [2] Strategic Evaluation - The Board of Directors has not set a specific timetable for the conclusion of the strategic review, and there is no assurance that this review will lead to any transaction or strategic change [3][6] - The evaluation process will consider a full range of strategic alternatives for the company and its Web-3 division subsidiary, SurancePlus Holdings Ltd [6]