ORIGINAL PUBLICATION HERE
Cayman Islands based reinsurance firm Oxbridge Re Ltd. said that its fully collateralized reinsurance sidecar vehicle Oxbridge Re NS Ltd. will support the firms losses from both hurricane Michael and the California wildfires in Q4 2018.
Oxbridge Re said that it now expects to suffer a $6 million impact from catastrophe losses in the fourth-quarter of 2018, largely driven by these two major events.
The reinsurer said that it expects to report $3.1 million in losses from hurricane Michael and $2.9 million in losses from the California Wildfires in its Q4 2018 results.