Oxbridge CEO Touts 42% Reinsurance Returns at RedChip Conference, Hints at SurancePlus Spinoff
February 4, 2026 · by Fintool Agent
Oxbridge Re Holdings+4.28% (NASDAQ: OXBR) CEO Jay Madhu delivered a bullish investor presentation at today's RedChip FinTech & Digital Asset Treasury Strategy (DATS) Virtual Investor Conference, revealing strong performance from the company's tokenized reinsurance products and signaling a potential spinoff of the SurancePlus subsidiary.
The $7.9 million market cap reinsurer's high-yield token is tracking above its 42% annual target return, while its balanced-yield token is outperforming at approximately 25% versus a 20% target—the result of a benign 2025 hurricane season with no major Florida landfalls.
Shares traded at $1.025, down 1.9% on the day but well off their 52-week high of $5.81.
SurancePlus 3.0: The Solana Migration
Madhu outlined what he called "SurancePlus 3.0"—the third iteration of the company's democratized reinsurance platform, now migrating to the Solana blockchain through a partnership with Alphaledger announced at Solana Breakpoint 2025 in December.
"This year, we are moving on to the Solana network because the opportunity to grow that opportunity for us as SurancePlus is higher because there are several more DATs in the Solana ecosystem," Madhu explained to conference attendees.
The platform offers two tokenized reinsurance products:
- EtaCat Re (Balanced Yield): Targeting 20% annual returns, currently tracking ~25%
- ZetaCat Re (High Yield): Targeting 42% annual returns, tracking at or above target
Both products are fully collateralized with no leverage, available to accredited investors meeting Reg D and Reg S requirements with a $5,000 minimum investment.
Ask Fintool AI AgentHurricane Season Performance
The 2025/26 reinsurance season (June 1 through May 31, with peak exposure May 1 to November 30) has been favorable for Oxbridge's underwriting results. Madhu walked investors through historical hurricane data to contextualize the risk-return profile.
"Every year, Colorado State University comes up and they talk about the number of storms... Last year, they expected 24 storms to hit the state of Florida, with three major storms hitting the state. Well, the reality is nothing happened. That was a fabulous win," Madhu said.
The company focuses exclusively on Florida hurricane reinsurance—specifically excess-of-loss contracts in the Southeast region where pricing is highest. Madhu emphasized the fully collateralized approach: "If we take on a contract for $10 million, we need to put up that amount of whatever our exposure is into that contract. We have to put it up in cash."
The Spinoff Signal
Perhaps the most investor-relevant disclosure came when Madhu addressed SurancePlus's corporate structure. The subsidiary now has two years of PCAOB-audited financials—the SEC requirement for an IPO or tax-free spinoff.
"Potentially, at some point, and hopefully, it's a very close point, is to spin SurancePlus out as its own publicly traded entity, thus decoupling it from our legacy business," Madhu told the RedChip audience.
This follows the playbook Madhu successfully executed at Hci Group+1.24%, where he helped incubate insurance technology subsidiary Exzeo for over 10 years before its November 2025 IPO at a $1.9 billion valuation—raising $168 million and now trading on the NYSE under ticker XZO.
CEO's Capital Markets Track Record
Madhu positioned his experience as central to the investment thesis. A founder and current director of HCI Group (NYSE: HCI), he highlighted the company's trajectory from a $10 million startup to a $1 billion revenue business trading at approximately $160 per share.
"My background is capital markets. I've been part of five companies that we've taken public, three on the New York Stock Exchange, two on the Nasdaq," Madhu said, positioning Oxbridge's blockchain pivot within his broader dealmaking experience.
The conference presentation revealed Oxbridge is also exploring digital asset treasury (DAT) and AI strategies, with Madhu noting the company has "done various different things to make sure if we ever pursued a DAT strategy, we have everything set up for something like that."
Ask Fintool AI AgentFinancial Context
Oxbridge remains a micro-cap story with modest scale. The company reported net premiums of $555,000 in Q3 2025 and $1.73 million for the first nine months, with restricted cash of $7.18 million supporting its collateralized reinsurance model.
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenues | $1.2M* | $1.9M* | $3.0M* |
| Net Income | ($1.8M)* | ($9.9M)* | ($2.7M)* |
| Total Assets | $16.6M | $8.3M | $7.5M |
| Total Equity | $15.0M | $5.3M | $4.1M |
*Values retrieved from S&P Global
The net loss narrowed to $187,000 (2 cents per share) in Q3 2025, showing improving operating leverage as the SurancePlus platform scales.
The RWA Thesis
Oxbridge positions itself at the intersection of two megatrends: the $700 billion reinsurance market and the emerging real-world asset (RWA) tokenization sector.
"Reinsurance is a $700 billion TAM market. To put that into perspective, the stablecoin business is about $250 billion. What we are doing is we're not trying to reinvent the wheel. We're not trying to reinvent reinsurance. All we're trying to do is change the way this asset as a security is distributed and made available to more folks," Madhu explained.
The Solana Foundation's Nick Ducoff has endorsed the partnership, stating it "further strengthens the credibility and institutional depth of RWAs in the ecosystem" at the December announcement.
Ask Fintool AI AgentWhat to Watch
Near-term catalysts:
- Completion of 2025/26 reinsurance season (May 31, 2026) and token return distributions
- SurancePlus growth metrics on the Solana platform
- Any formal announcement of spinoff or additional capital raises
Risks:
- Major hurricane landfall in populated Florida areas could trigger significant losses
- Micro-cap liquidity constraints (average daily volume ~10,000 shares)
- Regulatory evolution for tokenized securities
- Continued net losses straining equity base
The RedChip presentation made clear that Oxbridge is betting its future on the convergence of traditional reinsurance expertise with blockchain-native distribution—a thesis that will ultimately be validated or refuted by hurricane season outcomes and investor adoption of tokenized reinsurance products.
Related: Oxbridge Re Holdings+4.28% · Hci Group+1.24% · Exzeo-2.70%
The RedChip FinTech & DATS Virtual Investor Conference took place February 4, 2026, featuring presentations from companies at the intersection of fintech, digital assets, and treasury strategy.