Business
Oxbridge Re announces the rebranding of its Corporate Website
GRAND CAYMAN, Cayman Islands, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Oxbridge Re (NASDAQ: OXBR), (the “Company”), and its subsidiaries which are engaged in the
About this update from Oxbridge Re Holdings Limited
[{"type":"text","content":"GRAND CAYMAN, Cayman Islands, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Oxbridge Re (NASDAQ: OXBR), (the “Company”), and its subsidiaries which are engaged in the business of tokenized Real-World Assets (“RWAs”), initially in the form of Tokenized Reinsurance Securities, and reinsurance business solutions to property and casualty insurers, today announced the rebranding of its corporate website www.OxbridgeRe.com. The rebranding of the website follows on from the company announcing its intention to position itself to grow as a RWA, Web3-focused company. Previously Announced: SurancePlus Inc. (“SurancePlus”), Oxbridge Re’s wholly owned Web3-focused subsidiary, issued DeltaCat Re, the first tokenized reinsurance securities sponsored by a subsidiary of a publicly-traded company. According to forecasts from Boston Consulting Group, the tokenized RWA market is expected to grow exponentially over the next decade, with estimates of $16 trillion by 2030. This comes as traditional financial institutions and instruments, including fiat currencies, equities, government bonds, and also real estate continue to adopt blockchain technology.In August, the company announced the successful merger of Oxbridge Acquisition Corporation with Jet.AI. Oxbridge Re is one of the larger investors in the company. Jet.Ai operates in two segments: Software and Aviation. It offers fractional and whole jet sales, prepaid jet cards, charter, brokerage, and service. Jet.Ai also has an artificial intelligence (AI) booking platform, a carbon emission offset platform, and plans to launch 3 additional high-margin software offerings by the end of Q1 of 2024.SurancePlus announced the successful close of its DeltaCat Re tokenized reinsurance security offering in June of this year. Investors in DeltaCat Re are on track to receive a 42% return. About Oxbridge Re Holdings Limited Oxbridge Re Holdings Limited (www.OxbridgeRe.com) (NASDAQ: OXBR, OXBRW) (“Oxbridge Re”) is headquartered in the Cayman Islands. The company offers tokenized Real-World Assets (“RWAs”) as Tokenized Reinsurance Securities and reinsurance business solutions to property and casualty insurers, through its wholly owned 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 throu...