Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 863

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 5
Chunk 863
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 underwriting
medium frequency, high severity risks, where we believe sufficient data exists to analyze effectively the risk/return profile of reinsurance
contracts. Oxbridge Re NS functions as a reinsurance sidecar which increases the underwriting capacity of Oxbridge Reinsurance Limited.
Oxbridge Re NS issues participating notes to third party investors, the proceeds of which are utilized to collateralize Oxbridge Reinsurance
Limited’s reinsurance obligations.

29

In
addition to our historical reinsurance business operations, in 2023, our newest subsidiary, SurancePlus, began developing, offering,
and selling a tokenized reinsurance security representing fractionalized interests in reinsurance contracts, with each token representing
an interest in participating notes issued by Oxbridge Re NS. These efforts culminated in the development, launch, and issuance of our
first tokenized reinsurance security, the DeltaCat Re Token, which we believe is the first “on-chain” reinsurance security
of its kind to be developed by a subsidiary of a public company. In 2024, we launched EpsilonCat Re and in 2025, we launched ZetaCat
Re and EtaCat Re, and we intend to develop, launch, and issue additional series of tokenized reinsurance securities representing fractional
interests in reinsurance contracts, and we are also using our tokenization experience and activities as a foundation for developing Web3-focused
business offerings and products relating to the tokenization of other RWAs, including RWAs held or being acquired by third parties. Our
tokenization business will be conducted through SurancePlus and through other subsidiaries of our 80% owned subsidiary, SurancePlus
Holdings Ltd. (“SurancePlus Holdings”), a Cayman Islands exempted company that we have organized to serve as a holding company
for subsidiaries that will operate our developing Web3-focused business operations.

In
our historical reinsurance business operations, we underwrite reinsurance contracts on a selective and opportunistic basis as opportunities
arise based on our goal of achieving favorable long-term returns on equity for our shareholders. Our goal is to achieve long-term growth
in book value per share by writing business that generates attractive underwriting profits relative to the risk we bear. Additionally,
we complement our underwriting profits with investment profits on an opportunistic basis. Our underwriting business focus is on fully
collateralized reinsurance contracts for property catastrophes, primarily in the Gulf Coast region of the United States, with an emphasis
on Florida. Within that