Oxbridge Re NS Ltd

The size of Cayman Islands based reinsurance firm Oxbridge Re Ltd’s latest collateralized sidecar issuance has now been revealed, with the firm reporting that its Oxbridge Re NS Ltd. vehicle issued $600,000 of notes at the June 2019 renewals.

Cayman Islands based reinsurance firm Oxbridge Re Ltd. has successfully placed a new series of notes from its collateralized reinsurance sidecar vehicle Oxbridge Re NS Ltd. as part of its 2019 reinsurance renewal.

The collateralized reinsurance sidecar vehicle of reinsurer Oxbridge Re Ltd. has been completely wiped out by catastrophe loss events from 2018, with the California wildfires tipping it over the edge.

Cayman Islands based reinsurance firm Oxbridge Re Ltd. said that its fully collateralized reinsurance sidecar vehicle Oxbridge Re NS Ltd. will support the firms losses from both hurricane Michael and the California wildfires in Q4 2018.

The Chairman and Chief Executive Officer (CEO) of collateralised reinsurer Oxbridge Re Ltd., Jay Madhu, explained that the firm’s recently launched sidecar vehicle diversifies its revenue streams and risk.

Cayman Islands domiciled reinsurance firm Oxbridge Re Ltd. has said that its fully collateralized reinsurance sidecar vehicle Oxbridge Re NS Ltd. is likely to take a portion of the firms losses from recent hurricane Michael, which could amount to a roughly 55% loss of principal.

Collateralized reinsurer Oxbridge Re Ltd. is looking to become more of an asset manager in the reinsurance space with its newly licensed Cayman Island’s sidecar vehicle, Oxbridge Re NS Ltd., according to its Chairman and Chief Executive Officer (CEO), Jay Madhu.

Collateralized reinsurance company Oxbridge Re Ltd. has now had its planned sidecar vehicle, Oxbridge Re NS Ltd., licensed for business in the Cayman Island’s and the sidecar has also issued its first tranche of notes.