Company: OXBRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023960
Chunk: 113

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 113
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 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.

24

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