Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 316

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1
Chunk 316
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 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 or
    appears to be likely to become unable to meet its obligations as they fall due;

    ●
    a licensee is carrying
    on its business in a manner which is seen as detrimental to the general public interest or to the interests of its creditors or policy
    holders;

    ●
    the activities of any member
    of the licensee’s insurance group are detrimental to those interests of the licensee’s creditors, as well as its policy
    holders;

    ●
    a licensee has contravened
    the Law or the Money Laundering Regulations (2023 Revision) of the Cayman Islands;

    ●
    the licensee has failed
    to comply with a condition of its license such as maintaining a margin of solvency as prescribed by CIMA;

    ●
    the direction and/or management
    of the licensee’s business has not been conducted in a fit and proper manner;

    ●
    a director, manager or
    officer of the licensee’s business is not