Reinsurance News
Oxbridge Re
Oxbridge Re appoints Ocho Head of special projects division
21st December 2022
Cayman Islands-based reinsurer, Oxbridge Re Holdings Limited, has announced that Dr. Reuel Ocho has been appointed Head of the company’s special projects division. Oxbridge Re describes Dr. Ocho as a digital innovation, transformation, and blockchain technology strategy subject matter expert. He holds leadership experience delivering cutting-edge digital platforms, products, and strategic solutions ... Read the full article
Oxbridge Re appoints Dwight Merren to new director role
18th November 2022
Oxbridge Re has appointed Dwight Merren as a director within the firm, according to a form filed with the US’s Securities and Exchange Commission (SEC). The form says that Merren is joining as Kris Persaud departs the company, following his resignation. Oxbridge Re acknowledged within the form that Merren is directly ... Read the full article
Oxbridge Re posts $2.2mn net loss in Q3
15th November 2022
Oxbridge Re Holdings Ltd. has reported a net loss of $2.2 million for the third quarter of 2022 compared to a net income of $6.5 million from the third quarter of 2021. The company’s net loss year-to-date total currently sits at $2.5 million compared to a $7 million net income from ... Read the full article
Oxbridge Re sees falls of net income in H1 2022
16th August 2022
Oxbridge Re has said in its latest results that it saw a net loss in income of $310,000 in the first six months of the year. This compares with the same period last year in which the firm reported a net income of $476,000. It also said that net income in ... Read the full article
Oxbridge Re targets insurtechs with first SPAC
19th July 2021
Cayman Islands based reinsurer, Oxbridge Re Holdings Limited, has launched a special purpose acquisition company (SPAC) called Oxbridge Acquisition Corp., which itself has filed an initial public offering (IPO) of its securities with the U.S. Securities and Exchange Commission (IPO). Oxbridge Acquisition Corp. has been established as a blank cheque company ... Read the full article
Oxbridge Re posts improved Q1 net income
17th May 2021
Cayman Islands based Oxbridge Re generated a first quarter net income of $28,000, up from the $364,000 loss announced in the prior year quarter. The company attributes this improvement to a positive change in the fair value of equity securities compared to the depressed financial markets a year ago. However, the combined ... Read the full article
Oxbridge Re posts 220% combined ratio for Q2
11th August 2020
Oxbridge Re, a provider of reinsurance solutions primarily to property and casualty insurers, has reported a net income of $165,000 in the second quarter compared to loss of $205,000 last year. The combined ratio for the three and six months ended June 30, 2020 was 220.0% and 143.0%, respectively, compared to ... Read the full article
Oxbridge Re posts loss for 2019, despite profitable Q4
24th March 2020
Property and casualty reinsurer Oxbridge Re Holdings Limited has recorded a net loss $305,000 for 2019, despite achieving a profitable result in the fourth quarter of the year. The company generated net income of $61,000 in Q4 compared with a loss of $6.5 million for the same period in 2018. Although it ... Read the full article
Oxbridge Re records Q3 loss as net premiums drop
5th November 2019
Property and casualty reinsurer Oxbridge Re Holdings Limited has posted a net loss of $15,000 for the third quarter of 2019, driven by a more conservative capital deployment strategy that resulted in much lower net premiums earned. The company’s performance was far below the $652,000 recorded in Q3 2018, despite taking ... Read the full article
Oxbridge Re falls to Q2 loss, net earned premiums down significantly
2nd August 2019
Property and casualty reinsurer Oxbridge Re Holdings Limited has recorded a net loss of $205,000 for the second-quarter of 2019, as net earned premiums declined significantly to $93,000, compared with $334,000 a year earlier. The reinsurer's Q2 2019 net loss compares with net income of $265,000 in Q2 2018, and is ... Read the full article
Oxbridge Re successfully renews reinsurance contracts at June 1
25th June 2019
Cayman Islands based reinsurer Oxbridge Re has reported that it successfully placed its reinsurance contracts for the treaty year June 1, 2019 to May 31, 2020. Oxbridge Re Holdings Limited, a provider of reinsurance to property and casualty the U.S Gulf Coast, renewed the contracts via its wholly-owned subsidiary, Oxbridge Reinsurance ... Read the full article
Oxbridge Re expects $3.1mn hit from Michael, $2.9mn from wildfires
17th January 2019
Collateralised reinsurer Oxbridge Re is expecting its fourth quarter 2018 results to be impacted by $6 million of losses resulting from natural catastrophes. This figure includes $3.1 million in losses from Hurricane Michael and $2.9 million from the California Wildfires. Both estimates take into consideration the company’s quota share arrangement through Read the full article
Oxbridge Re’s reinsurance sidecar licensed for business, issues first notes
22nd June 2018
Collateralised reinsurer Oxbridge Re Ltd has had its reinsurance sidecar subsidiary, Oxbridge Re NS Ltd., licensed for business in the Cayman Islands and has issued its first tranche of notes. The idea behind forming the sidecar was to “facilitate potential future hedging and investment activities with respect to our reinsurance risks,” ... Read the full article
Oxbridge Re successfully renews reinsurance contracts
8th June 2018
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, ... Read the full article
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