Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 286

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1
Chunk 286
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Overview

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. We were organized in April 2013. 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 Inc. (“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. Following the issuance
of the DeltaCat Re Token in 2023, we issued EpsilonCat Re token in 2025, launched ZetaCat Re and EtaCat Re in 2025, and intend to
develop, launch, and issue additional series of tokenized reinsurance securities representing fractional interests in reinsurance
contracts in the future. 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 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