OXBRIDGE RE HOLDINGS Business Summary

Oxbridge Re Holdings Ltd (OXBR) operates as a specialty property and casualty reinsurer, primarily underwriting fully collateralized reinsurance contracts for insurers in the U.S. Gulf Coast region. The company generates revenue through net premiums earned and investment income, but has significantly pivoted toward a Web3-integrated model via its subsidiary, SurancePlus Inc. This segment tokenizes reinsurance securities as Real-World Assets (RWAs) on the Solana blockchain, offering participation shares like the T20-2027 and T42-2027 tokens which target annual returns of 20% and 42%, respectively. Revenue in this vertical is driven by management fees and profit-sharing hurdles of 8% to 16% after investor returns are met. Within the competitive landscape, Oxbridge Re competes with traditional reinsurance giants such as PartnerRe, SiriusPoint, and Everest Group, as well as tech-enabled insurance peers like Zhibao Technology (ZBAO). The company distinguishes itself as a micro-cap pioneer in the "on-chain" reinsurance market, leveraging blockchain to democratize access to high-yield, uncorrelated insurance-linked securities. The leadership team is anchored by Co-founder, CEO, and President Jay Madhu, who brings over 25 years of experience in insurance, banking, and real estate, including previous executive roles at HCI Group (NYSE: HCI) and board service at BayFirst Financial. He is supported by Wrendon Timothy, who has served as Chief Financial Officer and Corporate Secretary since the company’s 2013 inception, drawing on a nearly two-decade pedigree in SEC reporting and compliance from Big 4 firms PwC and KPMG. The Board of Directors is chaired by Paresh Patel, a key founder who also serves as the CEO of HCI Group, providing deep institutional knowledge of the Florida insurance market. Notable board members include Ray Cabillot, CEO of Farnam Street Capital, and Dwight Merren, a veteran of the Cayman Islands Monetary Authority. The company maintains a high level of insider alignment, with approximately 16.5% of shares held by the executive team and board as of early 2026.