Oxbridge Re Holdings Limited has announced its participation in several upcoming industry events.
The company, along with its Web3-focused subsidiary, SurancePlus Inc, plans to showcase its advancements in tokenized reinsurance securities and broader applications of real-world asset (RWA) tokenization.
Oxbridge Re provides reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States while also exploring innovations in tokenized financial products.
Its recent marketing efforts have included participation in key industry events such as RWA Day in Salt Lake City, Utah, on Oct. 8; Token 2049 in Singapore on Sept. 18-19; Ripple Swell in Miami on Oct. 15-16; Digital Assets Week in Singapore on Nov. 4-5; and the FinTech Festival in Singapore on Nov. 6-8.
Chairman and CEO Jay Madhu (pictured above) represented the company at several of these events as a speaker, emphasizing its role in the Web3 and tokenized securities sectors.
The company also announced its participation in additional events scheduled for December. These included the Milken Institute Middle East and Africa Summit and Abu Dhabi Business Week, which both took place in Abu Dhabi from Dec. 4-6.
Oxbridge Re will also attend Bitcoin Mena 2024 in Abu Dhabi on Dec. 9-10, Abu Dhabi Finance Week from Dec. 9-12, and the Global Blockchain Congress in Dubai on Dec. 12-13.
According to the company, these platforms provide an opportunity to engage with stakeholders in the digital assets, blockchain, and fintech sectors. Oxbridge Re said that it plans to continue updating the industry on its progress and participation in these events through press releases.
In November, Oxbridge Re reported a net loss of US$540,000, or US$(0.09) per share, for the quarter, compared to a US$7.3 million loss, or US$(1.24) per share, in Q3 2023.
The smaller loss was primarily attributed to reduced unrealized losses on other investments compared to the previous year. For the first nine months of 2024, the net loss was US$2.27 million, or US$(0.37) per share, down from US$7.2 million, or US$(1.23) per share, during the same period in 2023. This improvement was driven by higher revenues from a decrease in unrealized investment losses.
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