Inside the Solana reinsurance sale where parent company Oxbridge supplied 95% of public token demand

Oxbridge Re Holdings supplied about 95% of the $781,767 raised by SurancePlus’s two T20 and T42 Solana-based placements. Those two offerings were part of the five placements behind Oxbridge’s broader $7.1 million headline, according to the company’s Aug. 13 filing.

SurancePlus, Oxbridge’s 80%-owned tokenized reinsurance subsidiary, offered the two products, T20 and T42. Oxbridge contributed approximately $744,623, while third-party investors supplied approximately $37,143. Using the reported total as the denominator, the split was about 95.25% parent-funded and 4.75% third-party-funded.

Oxbridge consolidates controlled subsidiaries, including SurancePlus, so the parent-funded subscription came from inside the group rather than independent investors. The filing does not explain how the consolidated accounts eliminated that specific transaction.

The $7.1 million aggregate in Oxbridge’s earnings release combined the T20 and T42 placements with three securities linked to HCI Group’s reinsurance business. Those HCI-linked series produced $6.323 million in gross subscription proceeds. Added to the T20 and T42 proceeds, the disclosed amounts total about $7.105 million, which rounds to the company’s headline figure.

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