Company Description
Oxbridge Re Holdings Limited Warrant expiring 3/26/2029 (NASDAQ: OXBRW) is a security linked to Oxbridge Re Holdings Limited, a Cayman Islands–headquartered company whose ordinary shares trade on the Nasdaq Capital Market under the symbol OXBR. According to company disclosures, Oxbridge Re focuses on the reinsurance sector and on tokenized Real-World Assets ("RWAs"), initially in the form of tokenized reinsurance securities. The warrant OXBRW represents the right to purchase Oxbridge Re ordinary shares, giving investors leveraged exposure to the company’s equity and business strategy.
Oxbridge Re states that it offers reinsurance business solutions and tokenized reinsurance securities to property and casualty insurers and investors through its subsidiaries Oxbridge Reinsurance Limited, Oxbridge Re NS, and SurancePlus Inc. Insurance businesses in the Gulf Coast region of the United States purchase property and casualty reinsurance through its licensed reinsurers Oxbridge Reinsurance Limited and Oxbridge Re NS. The company describes itself as a participant in the reinsurance market and in Web3-enabled capital markets via tokenized RWAs.
The company’s Web3-focused subsidiary, SurancePlus Inc., is highlighted in multiple company announcements as having developed what it calls the first "on-chain" reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus is described as having "democratized" the availability of reinsurance as an alternative investment to both U.S. and non-U.S. investors. These tokenized offerings are structured as securities backed by reinsurance contracts, and are positioned as an alternative asset class that, according to the company, has historically shown low correlation with broader capital markets.
Oxbridge Re’s recent communications emphasize its role in digitizing reinsurance securities as tokenized RWAs. The company repeatedly characterizes itself as a "leader" in this niche, and notes that it has issued tokenized reinsurance securities for multiple treaty years through SurancePlus. In its news releases, Oxbridge Re describes balanced-yield and high-yield tokenized reinsurance products associated with treaty years such as 2025/2026, and references offerings like EtaCat Re and ZetaCat Re, which it presents as tokenized exposure to reinsurance contracts within the property and casualty space.
From an operational standpoint, Oxbridge Re indicates that it remains active in the traditional reinsurance market while also building a presence in blockchain-enabled finance. Its disclosures reference participation in major Web3 and RWA-focused events, strategic partnerships with tokenization infrastructure providers, and engagement with institutional investors interested in tokenized real-world assets. These activities are framed by the company as supporting its strategy to expand institutional and accredited investor access to reinsurance-backed RWAs.
Oxbridge Re’s regulatory filings further show that it is incorporated in the Cayman Islands and that its warrants to purchase ordinary shares trade on the Nasdaq Capital Market under the symbol OXBRW. The company has adopted a 2025 Omnibus Incentive Plan and has amended its memorandum and articles of association to increase its authorized share capital, as disclosed in its Form 8-K and Definitive Proxy Statement. These corporate actions are presented as part of a broader capital and incentive framework for the business.
For investors evaluating OXBRW warrants, the underlying business combines elements of a traditional property and casualty reinsurer with a Web3-focused tokenization platform. The value of the warrants is tied to Oxbridge Re’s ordinary shares, which in turn reflect the company’s performance in underwriting reinsurance contracts, managing tokenized reinsurance offerings, and executing its capital markets and corporate strategies. As with any warrant, potential investors should understand that OXBRW is a derivative security whose payoff depends on the future price of the underlying ordinary shares and the terms of the warrant, including its expiration date of March 26, 2029.
Business focus and operating structure
Company communications describe Oxbridge Re as offering reinsurance business solutions to property and casualty insurers, particularly in the Gulf Coast region of the United States, through Oxbridge Reinsurance Limited and Oxbridge Re NS. These licensed reinsurers enter into property and casualty reinsurance contracts with insurance businesses, and the company reports standard reinsurance metrics such as net premiums earned, loss ratios, acquisition cost ratios, expense ratios, and combined ratios in its financial updates.
Alongside this traditional reinsurance activity, SurancePlus Inc. operates as the group’s Web3-focused subsidiary. SurancePlus structures tokenized reinsurance securities that represent interests in reinsurance contracts and issues them as on-chain RWAs. The company states that these securities are offered to eligible investors under applicable exemptions (such as Regulation D and Regulation S) and that they are fully collateralized and uncorrelated with global capital markets, based on the characteristics of the underlying reinsurance asset class as described in its press releases.
Tokenized reinsurance and RWAs
Oxbridge Re’s public statements highlight tokenized reinsurance as a central theme. Through SurancePlus, the company has launched tokenized reinsurance securities such as EtaCat Re (described as a balanced-yield token) and ZetaCat Re (described as a high-yield token) for specific treaty years. The company reports targeted and projected returns for these offerings in its news releases and presents them as part of a broader effort to bring reinsurance exposure to a wider base of investors via blockchain-based tokens.
In partnership announcements, Oxbridge Re and SurancePlus describe collaborations with tokenization and blockchain infrastructure providers, including platforms focused on Solana and other networks. These partnerships are framed as a way to distribute tokenized reinsurance RWAs to institutional and accredited investors, including entities such as sovereign wealth funds, institutions, corporates, and qualified accredited investors, as referenced in the company’s own news releases.
Corporate governance and capital structure context
In its SEC filings, Oxbridge Re has disclosed corporate actions such as the adoption of the Oxbridge Re Holdings Limited 2025 Omnibus Incentive Plan and amendments to its memorandum and articles of association to increase authorized share capital from 50,000,000 to 500,000,000 ordinary shares of par value US$0.001 each. The company has also entered into amended and restated employment agreements with senior executives and has put in place corporate action, change of control, and performance agreements that provide for restricted share units upon certain triggering events, all under the 2025 Omnibus Incentive Plan.
Additionally, Oxbridge Re has entered into an Equity Distribution Agreement with a sales agent to offer and sell ordinary shares on an "at-the-market" basis up to a specified aggregate offering amount, with proceeds intended for general corporate purposes, including funding reinsurance operations. These details, disclosed in Form 8-K filings, are relevant to understanding the company’s capital-raising flexibility and potential dilution dynamics, which in turn can affect the value of both ordinary shares and warrants such as OXBRW.
How OXBRW relates to Oxbridge Re’s business
The OXBRW warrant is specifically identified in SEC filings as a warrant to purchase Oxbridge Re ordinary shares listed on the Nasdaq Capital Market. While the filings excerpted here do not restate the full warrant terms, they confirm that OXBRW is a listed warrant security associated with Oxbridge Re’s equity. Investors who hold OXBRW are therefore indirectly exposed to the company’s performance in its reinsurance operations, its tokenized RWA initiatives through SurancePlus, and its broader corporate and capital markets activities.
Because Oxbridge Re positions itself at the intersection of reinsurance and tokenized real-world assets, the warrant may appeal to market participants who are specifically interested in this combination of traditional finance and blockchain-based structures, while recognizing that the warrant’s value is ultimately tied to the market price of Oxbridge Re’s ordinary shares and the contractual features of the warrant itself.