Premier to join in ringing in NASDAQ
The event will take place at 9:30 a.m. on United States Tax Day, 15 April, 2014.
“This is certainly an honour and a privilege,” said Mr. McLaughlin. “One of the perks of being a public company is ringing the bell on the NASDAQ and I am happy to be with Jay and his team on this historic occasion. This is another excellent opportunity for the Cayman Islands to tell its positive story of providing sound financial services based on modern and stringent laws and regulations in a politically stable environment.”
Jay Madhu is Chief Executive Officer of Oxbridge Re Holdings Limited.
Oxbridge is a Cayman Islands exempted company that was organised in April 2013 to provide reinsurance business solutions primarily to property and casualty insurers in the Gulf Coast region of the United States. Through Oxbridge’s licensed reinsurance subsidiary, Oxbridge Reinsurance Limited, it writes fully collateralised policies to cover property losses from specified catastrophes.
The Cayman Islands Government has been proactively seeking reinsurance companies to domicile in the country. Significant revisions to the Insurance Law restructured Class B companies into four categories, including a new class of Insurer for Reinsurance companies and Insurance Linked Securities.
“Global reinsurance markets have reacted positively to Cayman’s new Insurance Law and several reinsurance entities are considering establishing a reinsurance presence in the Cayman Islands. We expect this trend to gain momentum during this year,” said Mr. McLaughlin.
Travelling with the Premier will be Press Secretary Tammie C. Chisholm. They leave Cayman Monday and return Tuesday.
Related story:
Oxbridge Re Holdings Limited to ring the NASDAQ Stock Market Opening Bell
GRAND CAYMAN, Cayman Islands, Apr 14, 2014 (BUSINESS WIRE) — Oxbridge Re Holdings Limited OXBRU -2.98% , which completed an initial public offering on March 26, 2014, will visit the NASDAQ MarketSite in Times Square on April 15, 2014.
To mark the occasion, Jay Madhu, Oxbridge Re’s Chief Executive Officer, will ring the Opening Bell. He will be accompanied by board members and other distinguished guests, including the company’s chairman, Paresh Patel and Alden McLaughlin, the Premier of the Cayman Islands, where Oxbridge Re is located.
Where: NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
When: Tuesday, April 15, 2014 – 9:15 a.m. to 9:30 a.m. ET
Webcast: A webcast of the NASDAQ Opening Bell will be available at: https://new.livestream.com/nasdaq/live
or http://www.nasdaq.com/about/marketsitetowervideo.asx
About Oxbridge Re Holdings Limited
Oxbridge is a Cayman Islands exempted company that was organized in April 2013 to provide reinsurance business solutions primarily to property and casualty insurers in the Gulf Coast region of the United States. Through Oxbridge’s licensed reinsurance subsidiary, Oxbridge Reinsurance Limited, it writes fully collateralized policies to cover property losses from specified catastrophes. Oxbridge intends to specialize in underwriting medium frequency, high severity risks, where it believes sufficient data exists to analyze effectively the risk/return profile of reinsurance contracts.
SOURCE: Oxbridge Re Holdings Limited