Welcome to our dedicated page for Oxbridge Re Hldg news (Ticker: OXBRW), a resource for investors and traders seeking the latest updates and insights on Oxbridge Re Hldg stock.
Oxbridge Re Holdings Limited (OXBRW) provides specialized property reinsurance solutions for Gulf Coast markets through its collateralized underwriting approach. This news hub offers investors and industry professionals centralized access to authoritative updates about the company's operations and financial developments.
Track official press releases, regulatory filings, and strategic announcements covering key areas including quarterly earnings, reinsurance contract updates, risk management initiatives, and leadership changes. Our curated collection eliminates the need to monitor multiple sources while maintaining strict adherence to factual reporting standards.
All content is organized chronologically with clear sourcing to ensure transparency. Users benefit from timely updates on OXBRW's niche market activities, including coastal property risk assessments and collateralized contract developments relevant to the evolving reinsurance landscape.
Bookmark this page for efficient tracking of Oxbridge Re's operational milestones and financial disclosures. Combine this resource with SEC filings and earnings call transcripts for comprehensive analysis of the company's market position.
Oxbridge Re Holdings Limited (NASDAQ: OXBR) announced its 2022 fiscal results, revealing a net loss of $1.8 million or ($0.31) per share, compared to a net income of $8.6 million or $1.49 per share in 2021. The decline was primarily driven by unrealized losses from SPAC investments and expenses from Hurricane Ian. Despite these losses, net premiums for 2022 rose to $995,000 from $965,000 in the previous year. The company also launched SurancePlus Inc., aiming to tokenize reinsurance securities using blockchain technology. A capital raise for SurancePlus promises a potential 196% return over three years for investors.
Oxbridge Re Holdings Limited (NASDAQ: OXBR), has launched a tokenized reinsurance security, DeltaCat Re, through its subsidiary SurancePlus Inc.. This token will represent fractionalized interests in reinsurance contracts, with each token linked to preferred shares of SurancePlus. The tokens are available to accredited investors in the US and non-US investors, aiming for returns of up to 196% over three years, assuming no losses. The initiative seeks to democratize reinsurance investments, allowing broader participation in a traditionally exclusive market, while enhancing shareholder value.
Oxbridge Re Holdings Limited (NASDAQ: OXBR) announced a conference call scheduled for March 30, 2023, at 4:30 PM ET to discuss its financial results for the fourth quarter and full year ended December 31, 2022. The earnings report will be released after market close on the same day. Interested parties can join the call via a toll-free number or an international line. A replay will also be available afterward and can be accessed until April 13, 2023. Oxbridge Re specializes in reinsurance solutions primarily in the Gulf Coast region, focusing on high-severity risks.
Oxbridge Re announced a business combination with Jet Token Inc. via Oxbridge Acquisition Corp. (OXAC). The merger will form Jet.AI Inc., expected to finalize in late Q2 2023. Jet Token specializes in fractional aircraft ownership and charter services, leveraging AI for operational efficiency. Oxbridge Re holds significant equity in Oxbridge Acquisition, valued at approximately $14.26 million. This transaction aims to enhance Jet's growth trajectory in AI software development and fleet expansion, creating potential value for Oxbridge shareholders, according to CEO Jay Madhu.
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