Company: OXBRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023960
Chunk: 58

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 58
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June
30, 2025

1.
ORGANIZATION AND BASIS OF PRESENTATION

(a)
Organization

Oxbridge
Re Holdings Limited (the “Company”) was incorporated as an exempted company on April 4, 2013 under the laws of the Cayman
Islands. The Company directly owns 100% of the equity interest in Oxbridge Reinsurance Limited, an exempted entity incorporated on April
23, 2013 under the laws of the Cayman Islands and for which a Class “C” Insurer’s license was granted on April 29,
2013 under the provisions of the Cayman Islands Insurance Law. Oxbridge Reinsurance Limited provides reinsurance business solutions primarily
to property and casualty insurers in the Gulf Coast region of the United States.

The
Company also indirectly owns 80% of the equity interest in Oxbridge Re NS, an entity incorporated as an exempted company on December
22, 2017 under the laws of the Cayman Islands to function as a reinsurance sidecar facility and to increase the underwriting capacity
of Oxbridge Reinsurance Limited. The Company also indirectly owns 80% of the equity interest in SurancePlus Inc. (“SurancePlus”),
an entity incorporated as a business company on December 19, 2022 under the laws of the British Virgin Islands to issue digital securities.

The
Company and its subsidiaries (collectively “Oxbridge Re”) businesses are as follows: SurancePlus Holdings Ltd. (“SP
Holdings”) is an 80% owned Web3-focused holding subsidiary, that owns 100% interest in SurancePlus, a Web3-focused subsidiary that
currently leverages blockchain technology to democratize access to high-return reinsurance contracts via digital securities; and 100%
interest in Oxbridge Re NS, a licensed reinsurance SPV/side car that provides third-party investors with access to reinsurance contracts
with returns uncorrelated to the financial markets. Oxbridge Reinsurance Limited is a 100% licensed reinsurance subsidiary of the Company
that provides reinsurance business solutions primarily to property and casualty insurers in the Gulf Coast region of the United States.
The Company, primarily through SP Holdings, has operated as a single Web3 focused business segment
since June 1, 2023, and provides financial segment data via Note 6 to the consolidated financial statements.

The
Company’s headquarters and principal executive offices are located at Suite 201, 42 Edward Street, George Town, Grand Cayman