Oxbridge Re Holdings Limited has reported that its wholly-owned subsidiary, Oxbridge Reinsurance Limited, has successfully placed its reinsurance contracts for the treaty year of June 1, 2018 to May 31, 2019.
The successful placement sees Oxbridge’s subsidiary deploy all of its capacity into renewal contracts for clients at June 1.
Jay Madhu, Chairman and Chief Executive Officer (CEO) of Oxbridge Re, commented on the announcement: “We are happy to report that we have successfully deployed our funds allocated in accordance with our underwriting strategy.”
Founded in 2013, Oxbridge Re provides reinsurance business solutions primarily to property and casualty (P&C) insurers in the Gulf Coast region of the U.S.
Through its licensed subsidiary, the company writes fully collateralised policies to cover property losses from specified catastrophes, and specialises in underwriting medium frequency, high severity risks.