Oxbridge Re Holdings Limited

Good afternoon. Welcome to Oxbridge Rees' fourth quarter and year-end 2022 earnings call. My name is Joe, and I will be your conference operator this afternoon. At this time, all participants will be in the listen-only mode. Joining us for today's presentation is Oxbridge Rees Chairman, President and Chief Executive Officer, Jade Mathew, and Chief Financial Officer and Corporate Secretary, Brendan Timothy. Following the remarks, we will open up the call for your questions. I would like to remind everyone that this call is also being broadcast live via webcast, available via webcast replay until April 13, 2023, on the Investor Information section of the Oxbridge RE website at www.oxbridgeRE.com. Now, I would like to turn the call over to Brendan Timothy, Chief Financial Officer of Oxbridge RE, who will provide the necessary cautions regarding the forward-looking statements that will be made by management during this call. Mr. Timothy? Thank you.

Thank you, operator. During today's call, there will be forward-looking statements made regarding future events, including Oxford Reade's future financial performance. These forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as anticipates, estimates, expects, intends, plans, projects, and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions, but rather subject to various risks and uncertainties. A detailed discussion of risks and uncertainties that could cause actual results and events that differ materially from such forward-looking statements is included in the section entitled Risk Factors, contained in our Form 10-K filed with the SEC and our Form 10-Q filed in previous quarters. The occurrence of any of these risks and uncertainties could have a material adverse effect on the company's business, financial condition, and the volatility of our earnings, which in turn can cause significant market price and trading volume fluctuations for our securities. Any forward-looking statements made on this conference call speak only as of the date of this conference call, and except as required by law, the company undertakes no obligation to update any forward-looking statements contained on this call or in any company presentation. even if the company's expectations or any related events, conditions, or circumstances change. Now I'd like to turn the call over to Chairman, President, and Chief Executive Officer, Jay Madhu.

Jay? Thank you, Brendan, and welcome, everyone. Thank you for joining us today. Before we start, I would like to take a moment to provide a brief overview of our company. Oxfords Reholdings Limited was founded 10 years ago with a mission to provide reinsurance solutions primarily to property and casualty insurers in the Gulf Coast region of the United States. We are very proud to be celebrating our 10th anniversary this year. Through our licensed reinsurance subsidiary, Oxbridge Reinsurance Limited, and our licensed reinsurance sidecar, Oxbridge ReNS, we write fully collateralized policies to cover property losses from specific catastrophes. And because we write fully collateralized contracts, we believe we can compete effectively with large carriers. We specialize in underwriting low-frequency, high-severity risk where where we believe sufficient data exists to efficiently analyze the risk-return profile of reinsurance contracts. Our objective is to achieve long-term growth in book value per share by writing business on a selective and opportunistic basis that will generate attractive underlying profits relative to risk. As you may recall, in 2021, we launched Oxbridge Acquisition Corp., our special purpose acquisition company, or SPAC, focusing on investing in disruptive technologies. Subsequent to your end, Oxbridge Acquisition announced its intention to form a business combination with Jet Token Inc., a private aviation and artificial intelligence company offering fractional artificial ownership, jet cards, aircraft brokerage, and charter services. The transaction is expected to enable Jet to continue its growth strategy of AI software development and its aircraft fleet expansion. We expect the combination will be completed late in the second quarter. Thank you. In March, we continued to diversify our business with the formation of our new subsidiary, Insurance Plus, Inc., by issuing tokens that represent fractional interest in reinsurance contracts. Insurance Plus offers an alternative investment opportunity that leverages key qualities of blockchain technology to create a well-designed digital security. In March, Insurance Plus commenced an offering of $5 million in these tokens, which, assuming no casualty losses to property insurers by the company, are expected to generate a return of up to 196% after three years. I will have more to say about these transactions later in the call. Regarding our investment portfolio, we remain opportunistic and will deploy our capital when favorable return opportunities arise that can contribute to the growth of capital and surplus in our licensed reinsurance subsidiary over time. Clearly, the current volatility Volatility being experienced in the global financial markets is impacting our investment portfolio and our net income. Having said this, we continue to stay in close touch with our markets and the insurance industry to ensure we continue to deliver value to our shareholders. Over the long term, we remain highly opportunistic about the prospects of our core reinsurance business and two new transactions I mentioned earlier. I look forward to keep you appraised of our progress in the quarters to come. I will now turn it over to Rendon to take us through our financial results.