Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 299

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1
Chunk 299
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 vary, perhaps
materially, from the estimates we have made. If we determine that adjustments to an earlier estimate are appropriate, such adjustments
are recorded in the quarter in which they are identified. The establishment of new reserves, or the adjustment of reserves for reported
claims, could result in significant upward or downward changes to our financial condition or results of operations in any particular
period. We regularly review and update these estimates, using the most current information available to us.

Our
estimates are reviewed quarterly by an independent actuary in order to provide additional insight into the reasonableness of our loss
reserves.

Competition

The
reinsurance industry is highly competitive. We expect to compete with major reinsurers, most of which are well established with significant
operating histories, strong financial strength ratings and long-standing client relationships.

Our
competitors include Renaissance Re, Berkshire Hathaway, PartnerRe Ltd, Aeolus and Nephila which are dominant companies in the reinsurance
industry. Although we seek to provide coverage where capacity and alternatives are limited, we directly compete with these larger companies
due to the breadth of their coverage across the property and casualty market in substantially all lines of business. We also compete
with smaller companies and other niche reinsurers from time to time.

While
we have a limited operating history, we believe that our unique approach to multi-year underwriting will allow us to be successful in
underwriting transactions against more established competitors.

Our
Tokenization Business

We
have decided to develop and pursue business opportunities in the tokenization of RWAs based on the expectation that a successful expansion
into this specialization will further increase the underwriting capacity and potential profitability of our reinsurance subsidiaries,
Oxbridge Reinsurance Limited and Oxbridge Re NS. We believe this represents a unique opportunity to drive value to our shareholders.
The Boston Consulting Group published research projecting the RWA asset tokenization market to reach $16.1 trillion by 2030. A separate
publication by Bloomberg reported that, in 2023, reinsurance was one of the top performing hedge fund strategies. It is at the intersection
of these two, i.e., RWA tokenization and reinsurance, that we believe there exist substantial growth opportunities for our business.

Accordingly,
SurancePlus was incorporated to further innovate upon existing capital raising mechanisms of Oxbridge Re NS for collateralizing reinsurance
contracts while simultaneously transforming the corresponding investment product into one that is more accessible to United States accredited
investors under Rule 506(c