Oxbridge Re Holdings Limited
Oxbridge Re Holdings Ltd is a Cayman Islands-based specialty property and casualty reinsurer with operations conducted through its reinsurance subsidiaries, including Oxbridge Reinsurance Limited and Oxbridge Re NS. The company also operates SurancePlus, a Web3-focused subsidiary that develops tokenized reinsurance securities and other real-world asset tokenization offerings.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueCollateralized reinsurance contracts covering selected P&C risks, especially catastrophe exposure.
Oxbridge Re NS issues participating notes to investors to support reinsurance capacity.
Digital securities representing fractional interests in reinsurance contracts.
Development of tokenization products for reinsurance and other real-world assets.
Customers
The core customers are property and casualty insurers that cede catastrophe and other selected risks into fully collateralized reinsurance contracts. The company also serves third-party investors who provide capital through participating notes and tokenized securities, effectively funding collateral for the reinsurance book. Through SurancePlus, it is also building products for digital-asset and Web3-oriented investors interested in fractionalized exposure to reinsurance-linked assets.
Buy fully collateralized reinsurance protection for selected catastrophe and specialty risks.
Insurers in the Gulf Coast and Florida market that transfer medium-frequency, high-severity risk.
Investors in participating notes that collateralize Oxbridge Re NS reinsurance obligations.
Buy fractional interests in reinsurance-linked securities issued through SurancePlus.
Strategy
The company’s strategy is to write selective, fully collateralized reinsurance where it believes pricing and data support attractive risk-adjusted returns. It also aims to expand capital-efficient capacity through sidecar structures and to extend its platform into tokenized reinsurance and broader Web3-based asset tokenization. The business is built around opportunistic underwriting, disciplined capital deployment, and using technology to broaden access to reinsurance-linked investments.
Targets risks where pricing and data support acceptable risk-adjusted returns.
Sidecar and investor-funded structures increase the amount of reinsurance it can write.
Creates a new distribution channel and product format for reinsurance-linked exposure.
Geography
Oxbridge Re’s underwriting focus is the Gulf Coast region of the United States, with particular emphasis on Florida. The company is organized through Cayman Islands entities, while its business exposure is tied to U.S. catastrophe risk and U.S.-based insurance counterparties. Its newer tokenization activities are structured through Cayman Islands holding and operating subsidiaries.
Risks
The business is exposed to catastrophe losses, especially hurricanes and other severe weather events in the Gulf Coast and Florida. Results can also vary materially with underwriting competition, regulatory changes, investment-market volatility, and the timing of new capital raises that support additional collateralized treaties. The newer tokenization and Web3 initiatives add execution, technology, and adoption risk on top of the core reinsurance risk profile.
The company underwrites property catastrophe reinsurance in hurricane-prone regions.
Exposure: Gulf Coast and Florida
Returns depend on selecting contracts with adequate premium for the risk assumed.
Exposure: Property and casualty reinsurance
Reported results include investment income and fair value changes on securities.
Exposure: Liquid securities and equity investments
SurancePlus is developing new digital securities and Web3 offerings that may not scale.
Exposure: Digital asset and RWA products
Accounting
Judgemental itemsPremiums are earned over the contract term, but can be accelerated when limit losses occur.
Impact: Affects quarterly revenue and comparability
Reserves are recorded only for incurred losses, with no contingency reserve for future events.
Impact: Can materially change reported liabilities and earnings after catastrophes
Investment gains/losses and less liquid holdings require valuation judgments.
Impact: Affects net income and balance sheet carrying values
Acquisition costs are deferred and recognized over the related premium period.
Impact: Influences expense timing and underwriting margin
Similar listed companies
Publicly listed companies with a comparable business focus.
Greenlight Reinsurance, Ltd
GLRE · Fire, Marine & Casualty Insurance
RenaissanceRe Holdings Ltd
RNR · Fire, Marine & Casualty Insurance
Oxley Bridge Acquisition Ltd
OBA · Blank Checks
Oxley Bridge Acquisition Ltd is a Cayman Islands blank check company formed to complete a business combination with an operating business.
Fairfax Financial Holdings LTD/ Can
FRFHF · Fire, Marine & Casualty Insurance
Fairfax Financial Holdings is a holding company that, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance.
James River Group Holdings, Inc.
JRVR · Fire, Marine & Casualty Insurance
Axis Capital Holdings Limited
AXS · Fire, Marine & Casualty Insurance
Last updated: 24/09/2026