Oxbridge Re has announced it is evaluating strategic alternatives to maximise shareholder value, including a possible sale or merger, which could also include its Web-3 division subsidiary SurancePlus Holdings Ltd.
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.
Among the strategic alternatives, Oxbridge Re’s Board of Directors is considering a spinout, divestiture, recapitalization, and other strategic transactions, or continuing to operate as a public, independent company.
“To reinforce our strategic vision, we are committed to exploring opportunities that will deliver value to our stakeholders and ensure continued success in our evolving industries,” commented Oxbridge Re Holdings Chairman and Chief Executive Officer Jay Madhu.
Oxbridge Re stated that it cannot assure that this evaluation will result in the company and/or its subsidiaries pursuing a transaction or that any transaction, if pursued, will be completed on attractive terms.
The Board has not set a timetable for the conclusion of this review.
It was also highlighted that “there can be no assurance that the review will result in any transaction or other strategic change or outcome.”
