SurancePlus Inc., a wholly owned subsidiary of Oxbridge Re Holdings, is offering an asset-backed tokenized reinsurance security.
Oxbridge Re Holdings Limited (www.OxbridgeRe.com) (NASDAQ: OXBR, OXBRW) (“Oxbridge Re”) is a Cayman Islands exempted company. Oxbridge Re currently operates through its primary active subsidiaries, SurancePlus, Oxbridge Reinsurance Limited and Oxbridge Re NS. SurancePlus is a Web3-focused subsidiary that currently leverages blockchain technology to democratize access to high-return reinsurance contracts via digital securities. Oxbridge Reinsurance Limited is a licensed reinsurer with the Cayman Islands Monetary Authority (“CIMA”), and it provides reinsurance business solutions primarily to property and casualty insurers in the Gulf Coast region of the United States. Oxbridge Re NS is a licensed reinsurer with CIMA and operates as a special purpose vehicle/side-car providing third-party accredited investors with access to reinsurance contracts with returns uncorrelated to the financial markets. This is done through the use of a participating note.
In addition, Oxbridge Re is also the founding and lead investor of the sponsor of Oxbridge Acquisition Corp. (NASDAQ: OXAC), a special purpose acquisition company (“SPAC”), that recently completed its business combination with Jet.AI Inc, which currently trades under symbol “JTAI”.
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