Oxbridge Re Holdings Limited

Please stand by. Your program is about to begin. Good afternoon. Welcome to Oxbridge-Rees Third Quarter 2023 Earnings Call. My name is David, and I'll be your conference operator this afternoon. At this time, all participants will be in a listen-only mode. Joining us for today's presentation is Oxbridge-Rees Chairman, President, and Chief Executive Officer, Jay Maddux. and Chief Financial Officer and Corporate Secretary, Brendan Timothy. Following their 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 and available via webcast replay until November 28, 2023, on the Investor Information section of the Oxbridge RE website at www.oxbridgeRE.com. Now, I'd like to turn the call over to Rendon Timothy, Chief Financial Officer of Oxbridge REI, who will provide the necessary cautions regarding the forward-looking statements that will be made by management during this call.

Thank you, operator. During today's call, there will be forward-looking statements made regarding future events, including Oxbridge REI'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 are subject to various risks and uncertainties. A detailed discussion of these 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 file on March 30, 2023 and our Form 10-K file today with the Securities and Exchange Commission. 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 would like to turn the call over to our Chairman, President and Chief Executive Officer, Jay Madhu. Jay?

Thank you, Rendon, and welcome everyone. Thank you for joining us today. Oxfords Reholding Limited was founded 10 years ago with the mission to provide reinsurance solutions primarily to property and casualty insurers in the Gulf Coast region of the United States. We are also proud of the significant steps we have taken this year to fortify and diversify our business. Our core business remains our licensed reinsurance subsidiary, Oxbridge Reinsurance Limited, and our licensed reinsurance sidecar, Oxbridge ReNS, who 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-severe risks, where we believe sufficient data exists to effectively analyze potential 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 underwriting profits relative to risk. Building on the stable reinsurance foundation, we began to diversify our business in 2021 as a lead sponsor of Oxbridge Acquisition Corp, a special purpose acquisition company or SPAC, focusing on investing in disruptive technologies. In August this year, Oxbridge Acquisition successfully completed its business combination with JetToken Inc. JetToken develops software and offers fractional aircraft ownership, jet card, aircraft brokerage, and charter to its fleet of private aircraft and those of operating partners. It operates in two segments, software and aviation. The software segment features the B2B Charter GPT app and the B2B Jet.ai operator platform. The Charter GPT app uses natural language processing and machine learning to improve the private jet booking experience. The Jet AI Operator Platform operates a suite of standalone software products to enable FAA Part 135 charter providers to add revenue, maximize efficiency, and reduce environmental impact. The aviation segment features jet aircraft fractionalization, jet cards, on-freet charter, management, and buyer's brokerage. With the completion of the business combination in August, the company renamed to JetAI Inc., and its common shares and warrants began trading on the Nasdaq Stock Exchange. Our interest in JetAI is recognized at fair value in other investments on our balance sheet. We also diversified our business in 2023 with the creation of our new Web3 subsidiary, Assurance Plus Inc., a provider of tokenized real-world assets, or RWAs. initially in the form of tokenized reinsurance securities. These are alternative investment opportunities leveraging key qualities of blockchain technology to create a well-designed digital security under the SEC guidelines possessing complete transparency and compliance. This new thrust in our entry into the digital securities markets puts real-world assets on chain and opens an entirely new avenue of democratizing reinsurance and potentially other opportunities in the future. We believe we have issued the first tokenized reinsurance security backed by a publicly traded company. Importantly, Assurance Plus was created with no debt and no equity dilution for our shareholders. We are very proud to have achieved this diversification so efficiently. We are very excited about both of these investments and look forward to keeping your praise of their progress in the coming quarters. Looking ahead, it is our intention to rebrand Oxbridge as an emerging and successful player in the tokenized real-world assets or RWA's Red 3 business. I will have more to say on this later. In short, we remain highly optimistic about the long-term prospects of our core reinsurance business, the successful diversification into our two new investments, JetAI and InsurancePlus, as we transform more fully into the RWA tokenization market. I'll now turn things over to Rendon to take us through our financial results. Brandon?