MaplesFS Supports Licensing of Oxbridge Re NS Reinsurance Sidecar
MaplesFS, an independent global provider of specialised fiduciary, fund administration, entity formation and management, insurance management and trust and private client services, has announced its engagement with Oxbridge Re NS, a reinsurance sidecar subsidiary of Oxbridge Re Holdings Limited (NASDAQ: OXBR). Oxbridge Re Holdings Limited is a provider of reinsurance solutions to property and casualty insurers primarily in the Gulf Coast region of the United States and recently reported the successful licensing of Oxbridge Re NS under the jurisdiction of the Cayman Islands Monetary Authority ("CIMA").
MaplesFS had responsibility for facilitating the regulatory license application for a Cayman Islands regulated Class C insurance company and will act as note registrar for the company moving forward. Its experienced team and breadth of knowledge in insurance management were key elements in Oxbridge Re NS’s decision to engage MaplesFS. This expertise allowed MaplesFS along with its affiliate, international law firm Maples and Calder, to play a critical role in liaising with CIMA on a unique and market leading structure.
"We are happy to report the successful licensing of Oxbridge Re NS, and deployment of capital," said Jay Madhu chairman and chief executive officer of Oxbridge Re Holdings Limited. "We have been impressed with MaplesFS’ high touch approach and the knowledge and expertise they brought to the licensing process. Their support has been invaluable in helping us reach this milestone."
"We are proud to have supported Oxbridge RE NS in the licensing process and look forward to continuing to support their business as it evolves and further developing our partnership," added Lesley Thompson, Vice President, Maples Fiduciary.