Oxbridge Re Holdings Limited (NASDAQ:OXBR), a provider of reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, has reported that its wholly owned subsidiary, Oxbridge Reinsurance Limited, recently reported successful placement of reinsurance contracts for the treaty year June 1, 2014 to May 31, 2015. The company also reported that its Board of Directors is set to meet in the beginning of July to discuss, among other items, the payment of dividends going forward.
“We were able to successfully deploy our funds allocated for the treaty year and are pleased with the diversity of our contracts,” said Jay Madhu, Chief Executive Officer of Oxbridge Re Holdings Limited.
About Oxbridge Re Holdings Limited
Oxbridge (www.oxbridgere.com) is a Cayman Islands exempted company that was organized in April 2013 to provide reinsurance business solutions primarily to property and casualty insurers in the Gulf Coast region of the United States. Through Oxbridge’s licensed reinsurance subsidiary, Oxbridge Reinsurance Limited, it writes fully collateralized policies to cover property losses from specified catastrophes. Oxbridge intends to specialize in underwriting medium frequency, high severity risks, where it believes sufficient data exists to analyze effectively the risk/return profile of reinsurance contracts. The company’s ordinary shares and warrants trade on the NASDAQ Capital Market under the symbols “OXBR” and “OXBRW,” respectively.