Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 312

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1
Chunk 312
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 assume. We also do not separately evaluate each of the individual claims made on the underlying insurance contracts under quota
share arrangements. Therefore, we are dependent on the original claims decisions made by our clients.

Changing
climate conditions may adversely affect our financial condition, profitability or cash flows.

Climate
change, to the extent it produces extreme changes in temperatures and changes in weather patterns, could impact the frequency or severity
of weather events and wildfires. Further, it could impact the affordability and availability of homeowners insurance, which could have
an impact on pricing. Changes in weather patterns could also affect the frequency and severity of other natural catastrophe events to
which we may be exposed. The occurrence of these events would significantly and negatively affect our financial condition and results
of operations.

Operational
risks, including human or systems failures, are inherent in our business.

Operational
risks and losses can result from, among other things, fraud, errors, failure to document transactions properly or to obtain proper internal
authorization, failure to comply with regulatory requirements, information technology failures or external events.

We
believe that our modeling, underwriting and information technology and application systems are critical to our business and our growth
prospects. Moreover, we rely on our information technology and application systems to further our underwriting process and to enhance
our ability to compete successfully. A major defect or failure in our internal controls or information technology and application systems
could result in management distraction, harm to our reputation or increased expenses.

The
effect of emerging claim and coverage issues on our business is uncertain.

As
industry practices and legal, judicial and regulatory conditions change, unexpected issues related to claims and coverage may emerge.
It is possible that certain provisions of our future reinsurance contracts, such as limitations or exclusions from coverage or choice
of forum, may be difficult to enforce in the manner we intend, due to, among other things, disputes relating to coverage and choice of
legal forum. These issues may adversely affect our business by either extending coverage beyond the period that we intended or by increasing
the number or size of claims. In some instances, these changes may not manifest themselves until many years after we have issued insurance
or reinsurance contracts that are affected by these changes. As a result, we may not be able to ascertain the full extent of our liabilities
under our insurance or reinsurance contracts for many years following the issuance of our contracts. The effects of unforeseen development
or substantial government intervention could adversely impact our ability to adhere to our goals.