05:16 PM EDT, 06/10/2026 (MT Newswires) -- Oxbridge Re (OXBR) and its subsidiary SurancePlus entered an agreement with HCI (HCI) to launch three tokenized reinsurance investment products on the Solana blockchain, the reinsurer said late Wednesday.

The financial instruments offer contractual returns and catastrophe exposures tied to the outcome of reinsurance contracts underwritten by HCI's Fortex Reinsurance unit, Oxbridge said.

The tokens issued by SurancePlus target annualized returns of 243%, 133% and 19% for Series A, Series B and Series C, respectively.

Oxbridge added that the offerings, if fully subscribed, could add around $12 million to SurancePlus' balance sheet.

Shares of Oxbridge rose 3.3%, while HCI ticked up more than 1% in after-hours activity.