Oxbridge Re Holdings Ltd ( (OXBR) ) has released its Q2 earnings. Here is a breakdown of the information Oxbridge Re Holdings Ltd presented to its investors.
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Oxbridge Re Holdings Limited is a Cayman Islands-based company specializing in tokenized reinsurance securities and solutions for property and casualty insurers, leveraging blockchain technology through its subsidiary SurancePlus. In its latest earnings report, Oxbridge Re Holdings highlighted significant growth in its tokenized reinsurance market and strategic partnerships, despite reporting a net loss for the quarter. The company has expanded its strategic partnerships, notably with the Midnight Foundation, to enhance its blockchain-enabled RWA offerings. Financially, Oxbridge Re reported an increase in net premiums earned but faced a net loss due to adverse developments from Hurricane Milton, leading to increased expenses and a higher combined ratio. Looking forward, Oxbridge Re remains committed to capturing growth opportunities through innovation and strategic alliances, positioning itself at the forefront of blockchain-enabled reinsurance solutions.