Oxbridge Re Holdings Limited (NASDAQ:OXBR), a company specializing in reinsurance, disclosed that it has not received any claims related to Hurricanes Helene and Milton as of Monday.
Despite the absence of claims, the company acknowledged the possibility of future claims, which may affect its financial position. Oxbridge Re has capped the potential maximum loss at $1.7 million as of December 31, 2024, due to these hurricanes.
The hurricanes in question struck Florida in September and October 2024, but so far, the damage has not reached the reinsurance layers covered by Oxbridge Re.
The news above is based on an SEC filing.
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