Recent Updates — OXBRW
Oxbridge Re Holdings Limited reported net income of $176,000 ($0.02 per share) for the quarter ended June 30, 2026, a reversal from a $1.87 million loss in the prior year period, driven by zero underwriting losses and reduced expenses. The company raised $7.1 million through five private placements of tokenized reinsurance securities on its SurancePlus platform during the quarter. Additionally, Oxbridge launched AI GridWorks, a new subsidiary focused on developing, owning, and operating AI data centers to expand into infrastructure. Cash and restricted cash increased by $12.85 million to $19.82 million as of June 30, 2026. The company operates in the reinsurance and real-world asset tokenization sector while expanding into artificial intelligence infrastructure development.