Company: OXBRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023960
Chunk: 33

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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BRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES

Notes
to Consolidated Financial Statements (unaudited)

June
30, 2025

15.
RELATED PARTY TRANSACTIONS

EpsilonCat
Re Tokens

During
the year ended December 31, 2024, Mr. Jay Madhu, a director and officer of the Company and its subsidiaries, entered into subscription
agreement to purchase a total of 9,245 Series Epsilon Cat Re tokens at a purchase price of $10.00 per token for aggregate gross proceeds
of $92,447. Ownership of EpsilonCat Re tokenized reinsurance securities indirectly conferred fractionalized interests in reinsurance
contracts underwritten by Oxbridge Re NS for the 2024-2025 treaty year.

HCI
and Tailrow Insurance exchange (“HCI”) Contract

During
the six-month period ended June 30, 2025, the Company entered into a reinsurance agreement with HCI, which is a related entity through
common directorship. At June 30, 2025, included within premium receivable, deferred acquisition costs and unearned premiums on the consolidated
balance sheets are amounts equal to $919,000, $104,000 and $947,000 respectively, relating to the reinsurance agreement with HCI. During
the three-month and six-month periods ended June 30, 2025, included within assumed premiums, change in unearned premium reserve and policy
acquisition costs and underwriting expenses on the consolidated statements of operations are amounts equal to $1,033,000, $(947,000)
and $9,000, respectively.

TypTap
Insurance Company (“TypTap”) Contract

During
the year ended ended December 31, 2024 the Company entered into a reinsurance agreement with TypTap, an insurance subsidiary of HCI Group,
Inc., which is a related entity through common directorship. At June 30, 2025, included within premium receivable, deferred acquisition
costs and unearned premiums on the consolidated balance sheets are amounts equal to $0, $0 and $0 respectively, relating to the reinsurance
agreement with TypTap. During the six-month period ended June 30, 2025, included within assumed premiums, change in unearned premium
reserve and policy acquisition costs and underwriting expenses on the consolidated statements of operations are amounts equal to $0,
$418,000 and $(46,000), respectively.

16.
SUBSEQUENT EVENTS