Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 336

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1
Chunk 336
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 included elsewhere in this Annual Report on Form 10-K. References to “we,” “us,” “our,”
“our company,” or “the Company” refer to Oxbridge Re Holdings Limited and its subsidiaries, Oxbridge
Reinsurance Limited, Oxbridge Re NS, SurancePlus Holdings Ltd., SurancePlus, 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.

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”),