Reinsurance News
Oxbridge Re
Oxbridge Re launches 2025 tokenized reinsurance offerings
5th March 2025
Cayman Island domiciled reinsurer Oxbridge Re Holdings Limited, along with its subsidiary SurancePlus, has launched its 2025 tokenized reinsurance offerings, which for the first time allows investors to select their preferred risk-return profile with a balanced and high yield option. The companies are engaged in the tokenization of real-world assets (RWAs), ... Read the full article
Oxbridge Re prices $3m registered direct offering and private placement
25th February 2025
Oxbridge Re, together with its subsidiaries, has announced a $3.0 million registered direct offering and concurrent private placement. The company has entered into a securities purchase agreement with a single institutional investor for the purchase of 705,884 ordinary shares in a registered direct offering. Concurrently, Oxbridge Re will issue unregistered Series A ... Read the full article
Milton/Helene losses fail to breach Oxbridge Re’s reinsurance layers
15th January 2025
Cayman Islands-based reinsurance company Oxbridge Re has revealed that ceding insurers have not made any claims related to Hurricanes Helene and Milton, suggesting that losses from the events may not have penetrated the reinsurance layers that are covered by the firm. However, in a new SEC filing, Oxbridge Re observed that ... Read the full article
Oxbridge Re reports $821,000 net loss in Q2’24 on investments
9th August 2024
Oxbridge Re Holdings Limited, a Cayman Islands-based reinsurance company, reported a net loss of $821,000 for the second quarter of 2024, significantly larger than the net loss of $85,000 in Q2 2023, driven primarily by a negative change in the fair value of equity securities and other investments during the ... Read the full article
Oxbridge Re’s SurancePlus partners with Zoniqx on tokenized reinsurance contracts
17th July 2024
Cayman Islands-based reinsurer Oxbridge Re's Web3-focused subsidiary, SurancePlus Inc., has signed a partnership agreement with Zoniqx, a digital asset manager, designed to expand SurancePlus’ footprint as it aims to revolutionise the reinsurance industry by leveraging blockchain technology to tokenize reinsurance contracts. Oxbridge Re and its subsidiaries are engaged in tokenized Real-World ... Read the full article
Oxbridge Re considering sale, other strategic alternatives
10th June 2024
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 ... Read the full article
Oxbridge Re sees net loss in Q1 as CoR climbs to 99.8%
10th May 2024
Oxbridge Re, the Cayman Islands-based reinsurance company, has disclosed a Q1 2024 net loss of $905,000 compared to a net income of $142,000 in Q1 2023. According to the firm, the decrease is primarily due to the negative change in the fair value of equity securities and investments during the opening ... Read the full article
Oxbridge Re reports $9.9m net loss in fiscal year results
27th March 2024
Oxbridge Re Holdings has reported a net loss of $9.9 million for fiscal year 2023, compared to net loss of $1.8 million in the prior year. For the year ended December 31, 2023, Oxbridge Re's net premiums earned increased to $1,255,000 from $995,000 in the prior year. Loss ratio sat at 0% ... Read the full article
Oxbridge Re posts higher Q3’23 net loss
15th November 2023
Oxbridge Re Holdings, a provider of reinsurance solutions primarily to property & casualty insurers, has reported a net loss of $7.3 million in the third-quarter of 2023, compared to net loss of $2.2 million in the third quarter of 2022. The company stated that the loss in the quarter is due ... Read the full article
Oxbridge Re posts Q2’23 net loss vs year-ago net income
15th August 2023
Oxbridge Re Holdings, a provider of reinsurance solutions primarily to property & casualty insurers, has reported a net loss of $85,000 in the second-quarter of 2023, compared to net income of $77,000 in the second quarter of 2022. The company stated that the loss in the quarter is primarily due to ... Read the full article
Oxbridge Re’s SurancePlus closes $2.4m capital raise of its tokenized reinsurance security
28th June 2023
Oxbridge Re Holdings Limited has announced that its Web3-focused, wholly-owned subsidiary, SurancePlus Inc., has closed a $2.4 million private capital raise through the sale of 244,776 of its tokenized reinsurance security, DeltaCat Re. According to the announcement, the tokens will be issued on the Avalanche blockchain. Oxbridge Re announced the incorporation ... Read the full article
Oxbridge Re posts Q1’23 net income vs year-ago net loss
15th May 2023
Oxbridge Re Holdings, a provider of reinsurance solutions primarily to property & casualty insurers, has reported a net income of $142,000 in the first-quarter of 2023, compared with a net loss of $387,000 in the prior year quarter. The company stated that the increase during the quarter is due to the ... Read the full article
Oxbridge Re reports $1.8mn net loss in full-year results
31st March 2023
Oxbridge Re Holdings, a provider of reinsurance solutions primarily to property & casualty insurers, has reported a $1.8 million net loss for the full-year, compared to a $8.6 million net income from 2021. The company stated that the decline was primarily due to a decrease in unrealized gains within its investment ... Read the full article
Oxbridge Re’s SurancePlus to issue tokenized reinsurance securities
1st February 2023
Oxbridge Re Holdings, a provider of reinsurance solutions to P&C insurers in the Gulf Coast region of the US, has announced the incorporation of SurancePlus, a new wholly-owned subsidiary. Incorporated in the British Virgin Islands (BVI) in December 2022, SurancePlus will issue tokenized reinsurance securities that indirectly represent fractionalized interests in ... Read the full article
Oxbridge Re signs up new director
17th January 2023
Oxbridge Re Holdings Limited has appointed Arun Gowda to serve as an independent director on the Board of the Company, effective immediately. Gowda will also serve as a director of Oxbridge Reinsurance Limited (OxRe), subject to approval of the Cayman Islands Monetary Authority (CIMA). Oxbridge Re stated that Gowda’s appointment was made ... Read the full article
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