Company: OXBRW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009673
Chunk: 1

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 1
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Plus, Inc. and DSN Blockchain
Technologies Ltd., unless the context dictates otherwise.

Overview and Trends

We are a Cayman Islands specialty
property and casualty reinsurer that provides reinsurance solutions through our reinsurance subsidiaries, Oxbridge Reinsurance Limited
and Oxbridge Re NS. We focus on underwriting fully collateralized reinsurance contracts primarily for property and casualty insurance
companies in the Gulf Coast region of the United States, with an emphasis on Florida. We specialize in 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.

In addition to our historical
reinsurance business operations, in 2023, our new subsidiary SurancePlus 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. Following the issuance of the DeltaCat Re Token, 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 real-world
assets (RWAs), including RWAs held or being acquired by third parties. Our tokenization business will be conducted through SurancePlus
and through other subsidiaries of our wholly 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.

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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