Oxbridge Re posts improved Q1 net income
Cayman Islands based Oxbridge Re generated a first quarter net income of $28,000, up from the $364,000 loss announced in the prior year quarter. The company attributes this improvement to a positive change in the fair value of equity securities compared to the depressed financial markets a year ago. Combined ratio increased to 150.3% from [] The post Oxbridge Re posts improved Q1 net income appeared first on ReinsuranceNe.ws .
Oxbridge Re posts improved Q1 net income
Cayman Islands based Oxbridge Re generated a first quarter net income of $28,000, up from the $364,000 loss announced in the prior year quarter. The company attributes this improvement to a positive change in the fair value of equity securities compared to the depressed financial markets a year ago. Combined ratio increased to 150.3% from [] The post Oxbridge Re posts improved Q1 net income appeared first on ReinsuranceNe.ws .