In light of HCI Group’s interest in taking risk on-chain and issuing tokenized reinsurance securities through a new partnership with Oxbridge Re, Chairman and CEO Paresh Patel has highlighted how tokenized reinsurance securities have the potential to expand access to the reinsurance market by lowering investment barriers and shortening investment duration. Back in June, Oxbridge Re and its subsidiary, SurancePlus, partnered with HCI Group to launch three Solana-based tokenized reinsurance securities tied to HCI’s recently formed reinsurer Fortex Re. In addition, the securities offer contractual returns designed to mirror the performance of specific participations by Fortex Re in HCI’s catastrophe excess-of-loss reinsurance programs. Paresh Patel, HCI’s Chairman and Chief Executive Officer, commented: “We are pioneering a new method of risk transfer by connecting the reinsurance market with new sources of capital. “While still in its early stages, we believe tokenized reinsurance securities have the potential to expand access to the reinsurance market by lowering investment barriers, shortening investment duration, and creating the potential for increased liquidity for qualified investors.”