Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 290

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1
Chunk 290
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524.

Bridge
Loan with Affiliate

On
September 11, 2023, the Company, along with seven (7) other investors, entered into a binding term sheet (“Bridge Agreement”)
with Jet.AI to provide Jet.AI with an aggregate sum of $500,000 of short-term bridge financing pending its receipt of funds from its
other existing financing arrangements

The
Bridge Agreement provided for the issuance of Notes in an aggregate principal amount of $625,000, reflecting a 20% original issue discount.
The Notes bore interest at 5% per annum and matured on March 11, 2024.

The
Company invested the sum of $100,000 in the Notes and is recorded as “Loan Receivable” on the consolidated balance sheets
at cost at December 31, 2023. On March 11, 2024, the Notes matured and were redeemed by Jet.AI in accordance with the Bridge Agreement. The Company received
an aggregate of $141,000 upon the redemption of the Notes.

Our
Business Strategy

Our
goal is to achieve attractive risk-adjusted returns for our shareholders through the prudent management of underwriting and investments
risks relative to our capital base. To achieve this objective, the following are the principal elements of our business strategy.

    ●
    Maintain a Commitment
    to Disciplined Underwriting. We employ a disciplined and data-driven underwriting approach to select a diversified portfolio
    of risks that we believe will generate an attractive return to our shareholders over the long term. Neither our underwriting nor
    our investment strategies are designed to generate smooth or predictable quarterly earnings, but rather to optimize growth in book
    value per share over the long term.

    ●
    Focus on Risk Management.
    We treat risk management as an integral part of our underwriting and business management processes. All of our reinsurance
    contracts contain loss limitation provisions that limit our losses to the value of the assets collateralizing our reinsurance contracts.

5

    ●
    Deployment of Capital.
    In order to eliminate the possibility of complete losses, we intend to place only a portion of our total capital at risk
    in any single year. This means that we expect lower returns than some of our competitors in years where there are lower than average
    catastrophe losses but that our capital will not be completely eroded in the event of multiple large losses. 

    ●
    Take Advantage of
    Market Opportunities. Although our business is initially focused on