Oxbridge Re Holdings Limited

Good afternoon. Welcome to Oxbridge-Ree's third quarter 2024 earnings call. My name is Joe, and I will 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-Ree's chairman, president, and chief executive officer, Jay Madhu, and chief financial officer and corporate secretary, Rendon Timothy. Following the remarks, we will open up to call for your questions. I would like to remind everyone that this call will be available via telephone replay until November 26, 2024, on the Investor Information section of the Oxbridge REIT website at www.oxbridgereit.com. Now, I would like to turn the call over to Brendan Timothy, Chief Financial Officer of Oxbridge REIT, 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 Oxford Re'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 accurate results and events to differ materially from such forward-looking statements is included in the section entitled Risk Factors, contained in our Form 10-K, filed on March 26, 2024, and our Form 10-Q filed 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 and trading volume fluctuations for our securities. Any forward-looking statements made on this conference call speak only as to 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 for any related events, conditions, or circumstances change. Now, I'd 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. Let me start by saying we're proud of the significant steps we have taken to fortify and diversify our business. While we are solidly entrenched in the RWA slash Web3 space, where we issue tokenized securities as an RWA, where the underlying asset is reinsurance. Our core business, however, remains reinsurance, where we write fully collateralized policies to cover property losses from specific catastrophes. And because we write fully collateralized contracts, we believe it can compete effectively with large carriers. We specialize in underwriting low-frequency, high-severity risks, where we believe sufficient data exists to effectively 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 underwriting profits relative to risk. Building on the stable reinsurance foundation, we began to diversify our business in 2022. We expanded our business portfolio by establishing Insurance Plus, Inc., our new subsidiary focused on RWA slash WebTree technology. InsurancePlus specializes in democratizing tokenized real-world assets, or RWAs, offering tokenized reinsurance securities as alternative investment opportunities. These securities leverage blockchain technology to ensure complete transparency and compliance with SEC guidelines, representing a significant advancement in the digital security market. Consequently, this initiative aims to broaden investor participation and extending opportunities beyond what traditionally has been a selective group of ultra-high net worth individuals. Crucially, the establishment of Assurance Plus was achieved without incurring new debt, reflecting our efficient approach to diversification. We are enthusiastic about the prospects of these new investments and remain committed to keep our stakeholders informed of their progress in the forthcoming quarters. Looking ahead, we intend to position Oxbridge as a prominent player in the RWA real-world asset slash Web3 sector. In summary, we maintain a strong sense of optimism regarding the long-term outlook of our core reinsurance business alongside the successful integration of Assurance Plus as we embrace the RWA market more comprehensively. I'll now turn things over to Rendon to take us through our financial results.