Oxbridge Re Holdings Limited Reports Improved Q1 2021 Results
ACCESSWIRE
GRAND CAYMAN, CAYMAN ISLANDS / ACCESSWIRE / May 14, 2021 /
FIRST QUARTER 2021 HIGHLIGHTS:
Net income of $28,000 compared to net loss of $364,000 last year.
No losses incurred in period.
Lower capital deployed compared to prior year.
Projected double-digit return for sidecar investors in Series 2020-1 participating notes We fared well despite 2020 setting a record for being the most active hurricane season. In addition, our sidecar investors SPV investors are on track to receive a double digit return for the contract year ending May 31, 2021 following an attractive 36% return in the prior year, said Oxbridge Re Holdings President and Chief Executive Officer Jay Madhu. We remain positive about our long-term prospects and continue to evaluate new growth opportunities while further mitigating risk
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