Frequently Asked Questions
1. Is the Cat Re series a cryptocurrency (DeltaCat Re / EpsilonCat Re, etc.)?
No.
The Cat Re series is not a cryptocurrency.
It is a Real-World Asset (RWA) backed security, compliant with U.S. Securities law, that has been digitized to provide easier access to investors.
The assets backing the security are fully collateralized reinsurance contracts underwritten by Oxbridge Re’s regulated reinsurance subsidiaries.
2. What is the investment in?
The investment is in a balanced-yield (20% annualized) or high-yield (42% annualized) reinsurance contract pool.
3. Do I need a digital wallet to invest?
No.
SurancePlus has hired an SEC-registered transfer agent to provide a simple Investor Portal where investors can download the offering documents, sign their subscription agreements, view wire transfer details, transfer investment funds to SurancePlus, and monitor their investments without needing to own a digital wallet.
However, tech-savvy investors who wish to self-custody their tokens can still use their ERC-20 or WalletConnect compatible wallet by registering it in the Investor Portal.
4. What is Reinsurance?
Put simply, reinsurance is insurance for insurance companies.
Insurance companies purchase reinsurance to reduce risks associated with the occurrence of exceptional, catastrophic events, such as hurricanes, that could expose them to significant losses and potentially put them out of business.
Oxbridge Re, parent company of SurancePlus, has operated in the reinsurance industry for over 10 years through its regulated, licensed reinsurance subsidiaries. Contact us for more information.
5. What are Tokenized Reinsurance Securities?
Reinsurance Securities are Real-World Assets (RWAs). Tokenization is the process of fractionalizing and converting rights to these RWAs into a digital token representation that can be recorded and securely managed on a blockchain network.
Each token represents, directly or indirectly, a fractional interest held in the underlying asset, meaning that the holder of the token possess evidence of a claim to a portion of the asset’s value or the right to participate in its fortunes.
10. Is the Cat Re series (DeltaCat Re / EpsilonCat Re, etc.) a non-fungible token (NFT)?
No.
The Cat Re series is not an NFT.
11. Is Cat Re series (DeltaCat Re / EpsilonCat Re, etc.) a utility token?
No.
The Cat Re series is not a utility token.
12. Is Cat Re series (DeltaCat Re / EpsilonCat Re, etc.) an ERC-20 token?
Yes.
The Cat Re series digital security is implemented as an ERC-20 token.
13. Where is ownership of the Cat Re series (DeltaCat Re / EpsilonCat Re, etc.) tokens recorded?
SurancePlus has hired a United States Securities and Exchange Commission SEC-registered transfer agent which will maintain records of the ownership of issued securities in Traditional Book Entry (TBE) form.
The ownership of issued Cat Re series tokens will also be recorded on the Avalanche blockchain network.
14. Will SurancePlus offer a token custody solution to investors?
No.
The SEC-registered transfer agent hired by SurancePlus will maintain records of the ownership of issued securities.
However, investors that wish to self-custody their digital securities can use their ERC-20 or WalletConnect compatible wallet.
15. Can investors fund their investor portal accounts with stablecoins?
No.
At present the Investor Portal does not allow the use of stablecoins. This might change soon. In the interim, payments for investments must be made via wire transfer.
16. Is Oxbridge Re a publicly traded company?
Yes.
Oxbridge Re, parent company of SurancePlus, is a publicly traded company listed on the NASDAQ under ticker symbol OXBR.
17. Where can I find Oxbridge Re’s public company filings?
Oxbridge Re’s company information and filings can be found on the SEC’s website here: Oxbridge Re SEC filings.
18. Where can I find Oxbridge Re’s Form 8-K SEC filing about the Cat Re series (DeltaCat Re / EpsilonCat Re, etc.) digital security?
The SEC filing for EpsilonCat Re can be found here: Oxbridge Re Form 8-K for EpsilonCat Re Offering
19. What is the Cat Re series (DeltaCat Re / EpsilonCat Re, etc.)?