SurancePlus to Launch Tokenized Reinsurance RWA Securities on Solana, Bringing Reinsurance Risk On-Chain Through HCI Group's Fortex Re Program

About this update from Oxbridge Re Holdings Limited

The offering brings excess-of-loss reinsurance risk on-chain through tokenized securities issued on Solana, creating a new bridge between insurance markets and digital capital formation. GRAND CAYMAN, Cayman Islands, June 10, 2026 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (NASDAQ: OXBR), (the “Company”), a leader in digitizing reinsurance securities as tokenized real-world assets (RWAs), together with its subsidiary SurancePlus, today announced that it has entered into an agreement with HCI Group, Inc. (NYSE:”HCI”) to launch three (3) tokenized reinsurance securities that provide synthetic contractual returns and catastrophe exposures based on the outcome of reinsurance contracts underwritten by HCI’s reinsurance subsidiary, Fortex Reinsurance SPC, Ltd. (“Fortex Re”) through Fortex Re’s segregated portfolios. The tokens to be issued by SurancePlus will be labelled HCI Re 2026 Series A, HCI Re 2026 Series B, and HCI Re 2026 Series C target annualized investor returns of approximately 243%, 133% and 19%, respectively, assuming no underwriting losses. At the closing of the offerings, it is expected that SurancePlus would add a total of approximately $12 million to its balance sheet as restricted assets assuming that SurancePlus receives subscriptions for the maximum amount of the offerings. The offerings combine SurancePlus' expertise in tokenized real-world assets with HCI and Fortex Re's insurance and underwriting capabilities. The digital securities will be issued by SurancePlus utilizing Solana blockchain infrastructure through the Alphaledger platform, creating a new pathway for qualified investors to access a traditionally institutional asset class. Expanding Access to Reinsurance Through Tokenized Securities The underlying assets supporting the offerings consist of synthetic contractual returns based on the outcome of excess-of-loss reinsurance contracts premiums and collateral associated with Fortex Re's 2026-2027 reinsurance program. Excess-of-loss reinsurance is a widely utilized risk management tool within the insurance industry that has historically been accessed primarily by institutional investors, reinsurers and specialized market participants. The transaction also highlights the potential for tokenization to expand the pool of capital available to insurance and reinsurance markets. By enabling broader participation from qua...

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