Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 415

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 415
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 senior management. If any member of senior management dies
or becomes incapacitated, or leaves the Company to pursue employment opportunities elsewhere, we would be solely responsible for locating
an adequate replacement for such senior management and for bearing any related cost. To the extent that we are unable to locate an adequate
replacement or are unable to do so within a reasonable period of time, our business may be significantly and negatively affected.

There
are differences under Cayman Islands corporate law and Delaware corporate law with respect to interested party transactions which may
benefit certain of our shareholders at the expense of other shareholders.

Under
Cayman Islands corporate law, a director may vote on a contract or transaction where the director has an interest as a shareholder, director,
officer or employee provided such interest is disclosed. None of our contracts will be deemed to be void because any director is an interested
party in such transaction and interested parties will not be held liable for monies owed to the company. In contracts, under Delaware
law, interested party transactions are potentially voidable.

Risks
Relating to Insurance and Other Regulations

Any
suspension or revocation of our reinsurance licenses would materially impact our ability to do business and implement our business strategy.

Oxbridge
Reinsurance Limited and Oxbridge Re NS are each licensed as an insurer only in the Cayman Islands by CIMA, and we do not intend to obtain
a license in any other jurisdiction. The suspension or revocation of each of our licenses to do business as a reinsurance company in
the Cayman Islands for any reason would mean that we would not be able to enter into any new reinsurance contracts until the suspension
ended or we became licensed in another jurisdiction. Any such suspension or revocation of our licenses would negatively impact our reputation
in the reinsurance marketplace and could have a material adverse effect on our results of operations.

18

As
a regulated insurance company, each of Oxbridge Reinsurance Limited and Oxbridge Re NS is subject to the supervision of CIMA and CIMA
may at any time direct Oxbridge Reinsurance Limited and/or Oxbridge Re NS, in relation to a policy, a line of business or the entire
business, to cease or refrain from committing an act or pursing a course of conduct and to perform such acts as in the opinion of CIMA
are necessary to remedy or ameliorate the situation.

Furthermore,
in certain circumstances, including when CIMA is of the opinion that:

    ●
    a licensee either is