Good afternoon. Welcome to Oxbridge Re's third quarter 2022 earnings call. My name is Taryn, and I will be your conference operator this afternoon. At this time, all participants will be in a listen-only mode. Joining us for today's presentation is Oxbridge Re's Chairman, President, and Chief Executive Officer, Jay Madhu, and Chief Financial Officer and Corporate Secretary, Wrendon Timothy. Following their remarks, we will open up the call for your questions. I would like to remind everyone that this call is also being broadcast live and available for replay until November 28th, 2022, on the Investor Information section of the Oxbridge Re website at www.oxbridgere.com. Now, I would like to turn the call over to Wrendon Timothy, Chief Financial Officer of Oxbridge Re, who will provide the necessary cautions regarding the forward-looking statements that will be made by management during this call. Thank you, operator. During today's call, there will be forward-looking statements made regarding future events, including Oxbridge Re's future financial performance. These forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as anticipate, estimate, expect, intend, plan, project, and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions, but rather are subject to various risks and uncertainties. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled Risk Factors contained in our Form 10-K filed on September 30th, 2022, and our Form 10-K filed with the Securities and Exchange Commission. The occurrence of any of these risks and uncertainties could have a material adverse effect on the company's business, financial condition, and the volatility of our earnings, which in turn can cause significant market price and trading volume fluctuations for our securities. Any forward-looking statements made on this conference call speak only as of the date of this conference call. Except as required by law, the company undertakes no obligation to update any forward-looking statements contained on this call or in any company presentation, even if the company's expectations or any related events, conditions, or circumstances change. Now, I would like to turn the call over to our Chairman, President, and Chief Executive Officer, Jay Madhu. Jay? Thank you, Wrendon, and welcome everyone. Thank you for joining us today. Before we start, I would like to take a moment to provide a brief overview of our company. Oxbridge Re Holdings Limited was founded over nine years ago with a mission to provide reinsurance solutions primarily to property and casualty insurers in the Gulf Coast region of the United States. Through our licensed reinsurance subsidiary, Oxbridge Reinsurance Limited, and our licensed reinsurance sidecar, Oxbridge Re NS, we write fully collateralized policies to cover property losses from specific catastrophes. Because we write fully collateralized contracts, we believe we can compete effectively with large carriers. We specialize in underwriting low frequency, high severity risks, where we believe sufficient data exists to effectively analyze the risk-return profile of reinsurance contracts. Our objective is to achieve long-term growth in book value per share by writing business on a selective and opportunistic basis that will generate attractive underwriting profits relative to risk. As previously communicated, we are also very pleased to have completed our investment in Oxbridge Acquisition Corp in early August of last year. A special purpose acquisition company or SPAC focused on disruptive technology. We believe innovators and entrepreneurs in such disruptive businesses such as DeFi, blockchain, Insurtech, and artificial intelligence, clean energy, offer a real and significant opportunity to build value for our investors over the long term. We look forward to keeping you updated on its progress. Regarding our investment portfolio, we remain opportunistic and will deploy our capital when favorable return opportunities arise that can contribute to the growth in capital and surplus in our licensed reinsurance subsidiaries over time. Clearly, the current volatility being experienced in the global financial markets is impacting our investment portfolios with unrealized losses so far in 2022. With the negative impact of the last two years under the COVID-19 pandemic fully receding, economies and business around the world now are faced with inflationary cost pressure and supply chain disruptions. These, in turn, have resulted in significant declines over the last few months in equity and capital markets around the world. While our business is not generally impacted by these economic challenges, the equity market declines do have an effect on our net income due to unrealized losses in our equity portfolio, as well as unrealized losses on our investment in the SPAC, as Wrendon will shortly outline. Having said this, we continue to stay in close touch with our markets and the insurance industry to ensure we continue to deliver value to our shareholders. Over the long term, we remain highly optimistic about the prospects for our core reinsurance business and our investment in the SPAC or Oxbridge Acquisition Corp. The largest impact of our results in the third quarter of this year was the devastation caused by Hurricane Ian, which triggered limit losses on our reinsurance contracts. Our thoughts go out to all those affected by this catastrophic event. I'll now turn things over to Wrendon to take us through our financial results. Thank you, Jay. I would like to remind you that our typical contract period is from June 1 to May 31st of the following year. With respect to net premiums earned, net premiums earned for the three and nine months ended September 30th, 2022 increased due primarily to the acceleration of premium recognition on two of our reinsurance contracts due to the limit loss suffered resulting from the impact of Hurricane Ian, as well as higher rates on our reinsurance contracts compared to the prior year. Our net investment income and other income rose moderately through the first nine months of the year, primarily due to administrative fees, income relating to our SPAC investment. We experienced a $1.3 million unrealized loss in the third quarter due to the negative fair value change in our equity investment in Oxbridge Acquisition Corp, resulting in a negative unrealized loss of $986,000 through the first nine months of the year. In last year's third quarter, we had recognized a $7.1 million unrealized gain, one of the main factors in the change in our net income this year compared to prior year. The investment continues to be booked at a substantial discount due to the current illiquidity of our investment in the SPAC. We also recognized a $355,000 negative change in the fair value of our equity securities at September 30th, 2022, due largely to the challenging global capital market environment we are all experiencing. All of the factors taken together resulted in total revenue declining to -$696 for the first nine months of 2022 compared to $8.2 million last year, which I mentioned included $7.1 million unrealized gain on investment in our SPAC. Total expenses, including loss and loss adjustment expenses, policy acquisition costs, and general admin expenses were up through the first nine months of 2022, due primarily to the $1.1 million loss incurred in the third quarter, resulting from the triggering of the limit loss on two insurance reinsurance contracts as a result of Hurricane Ian. In addition, we have experienced higher general and admin expenses this year due to personnel cost and inflationary cost pressures. With respect to net income loss, largely due to Hurricane Ian loss and loss adjustment in the third quarter of 2022 and a significant unrealized loss on the SPAC investment in the third year. In the third quarter, we experienced a net loss of $2.2 million or $0.37 per share in the third quarter and $2.5 million or $0.42 per share for the nine-month period ending September 30, 2022, compared to net income of $6.5 million and $7 million in the comparable periods last year. With respect to our financial ratios that we have discussed before on our investor calls, we use various measures to analyze growth and profitability of our business operations. For our reinsurance business, we measure underwriting profitability by examining our loss ratio, acquisition ratio, expense ratio, and combined ratio. Our loss ratio, which measures underwriting profitability, is the ratio of loss and loss adjustment expenses including net premium earned. The loss ratio increased to 181.6% and 107.8% for the quarter and nine-month period ending September 30, 2022, respectively, compared to 20.9% and 107.8% for the prior year respective periods. The increases are wholly due to the limit losses suffered on two of our reinsurance contracts as a result of Hurricane Ian, partially offset by a higher denominator in net premiums earned. Our acquisition cost ratio, which measures operational efficiency compared to policy acquisition costs and net premiums earned. This ratio decreased marginally to 11% in the third quarter and increased marginally to 11.1% for the first nine months of 2022, compared to 11% in the prior year periods. Our expense ratio, which measures operating performance compared to policy acquisition costs and general and admin expenses with net premium earned, the expense ratio decreased to 65.7% and 116.6% for the quarter and nine months ending September 30th, 2022, respectively, compared to 86.8% and 122.9% for the prior year's respective periods. The decreases are due to a higher denominator in net premiums earned as a result of premium acceleration, partially offset by increased policy acquisition costs and general and administrative expenses in 2022 compared to the prior year. Our combined ratio, which is used to measure underwriting performance, is the sum of the loss ratio and the expense ratio. The combined ratio increased to 247.2% and 224.4% for the quarter and nine-month period ending September 30, 2022, respectively, compared to 224.4% and 143.8% for the prior year's respective periods. The increases again are due to the increase in the loss ratio during the third quarter, resulting from Hurricane Ian limited loss as well as increased general and administrative expenses. Now turning to the balance sheet. Our investment portfolio increased to $625,000 at September 30th, 2022, from $577,000 at year-end, primarily due to the net purchase of equity securities, partially offset by unrealized losses we experienced due to the volatile capital markets. Our other investments decreased as mentioned due to the negative change in the fair value of our investment in Oxbridge Acquisition Corp. Cash and cash equivalents and restricted cash and cash equivalents decreased to $4.4 million at September 30th, 2022, compared with $5.4 million at December 31st, 2021. Total shareholder equity at quarter end was $14.3 million, or $2.47 book value per share. I'll now turn the call back to Jay to wrap up before we take your questions. Thank you, Wrendon. As previously mentioned, through our reinsurance subsidiary, we look to invest close to 50% of our equity. Last year was no different. Between the reinsurance contracts and through investments in OAC Sponsor Ltd., the sponsor of the SPAC, we have stuck to that resolve. While Oxbridge Re is a lead investor in the SPAC, some of the risk capital was laid- off to additional investors in the sponsor at a higher share price. The result being that despite the fact that Oxbridge Re contributed approximately 34.7% of the risk capital, Oxbridge's economics are significantly maximized in that it owns approximately 49.6% and 63.1% of the ordinary shares and preferred shares, respectively, of the sponsor, which tracks the Class B shares and private placement warrants, respectively in the SPAC. That's our investment, further diversifies our business and positions us to capitalize on growth in the emerging disruptive technologies being developed. We are very excited about the future value of our investment and the potential that Oxbridge Acquisition Corp can bring to our shareholders. Looking ahead, we remain optimistic about the long-term prospects of our business. As always, we continue to evaluate additional opportunities for growth as well as further diversification of our risk profile. In closing, our business is well-diversified. Our resolve to limiting our exposure to reinsurance contracts with quota share helped significantly in lowering the potential loss by catastrophic damage caused by Hurricane Ian and Nicole. Our investment in Oxbridge Acquisition offers an entry into disruptive technology businesses with a focus on blockchain, insurtech, artificial intelligence, and clean energy. That investment continues to be booked at a substantial discount to current fair market value. We remain debt-free. We have a strong balance sheet with solid cash position. Most importantly, we have real opportunity based on a viable business model that is based on diversification. We remain opportunistic not only for our business, but also for our broader view of the market. With that, we are ready to open the call for questions. Operator, please provide the appropriate instructions. Thank you, sir. The floor is now open for questions. If you do have a question, please press star one on your telephone keypad at this time. If you are using a speakerphone, we ask that while posing your question, you pick up your handset to provide the best sound quality. Again, if you do have a question or comment, please press star one on your telephone keypad at this time. Please hold a moment while we poll for questions. We'll take our first question from Kent Engelke with Capitol Securities. Please go ahead. It appears we lost Mr. Engelke. Give us just a moment, we'll see if he queues back up for questions. We'll return to Mr. Engelke. Hello. Your line is now open. Thank you, sir. Thank you. Hey, Wrendon. Hey, Jay. Can you extrapolate a little bit further on the unrealized losses in both the SPAC as well as in the investment portfolio? Secondly, what about the losses or limit losses on both Ian and Nicole? Is there gonna be anything else coming on down on both those hurricanes? Thirdly, and perhaps most specifically, you all have filed for an extension on the SPAC, I think for another nine months, I think it was. Where do we stand on that? Yeah. Kent, I'll take the hurricane question first. Hurricane Ian and Nicole, they've been catastrophic for the industry. Various different folks, RMS and CoreLogic have come out saying that the losses, industry losses are somewhere between $50 billion-$75 billion. While this was a huge catastrophic loss for the industry, Oxbridge didn't have substantial loss. Oxbridge only lost about $500,000 of capital during the year. The reason for that was our resolve to not invest too much in reinsurance contracts. While it was a loss for us, it could have been a lot larger had we had invested to a higher degree. In other words, it's quantified. There's nothing else coming further from both those hurricanes. It's quantified. That is correct. Cool. Thank you. In respect to the losses or the mark-to-market that we have taken, that's exactly what it is. They're mark-to-market losses. Based on the trading of the SPAC, based on where we are with that, we thought it prudent to take a slight haircut on the market value of the SPAC or the shares rather. That's basically what you're seeing. It's not an actual loss. It is just a mark-to-market drawdown is what you're seeing there. Okay, my final question, you all have filed for the extension on the SPAC. I don't believe I've seen an 8-K on that as of yet. Did you get the, I think it was an eight- or nine-month extension on that? Yes. We just filed documents with the SEC this evening after market close. We did get a nine-month extension, which to us I think is excellent because it gives us another nine months to work through the opportunities that are afforded to us. Good. I appreciate the color there. Thank you. Yep. Thanks, Kent. As a reminder, if you would like to ask a question, you may press star one on your telephone keypad at this time. Again, if you would like to ask a question or have a comment, you may press star one on your telephone keypad now. Once more, if you would like to queue up for a question, you may press star one at this time. At this time, this concludes our question-a nd- answer session. I'd now like to turn the call back over to Mr. Madhu for his closing remarks. Thank you for joining us on today's call. Before we wrap up, I want to thank our employees, business partners, and investors for their continued support. I especially want to express our gratitude to the Oxbridge team, who continues to leverage their significant experience to manage and build our business during these challenging times. We look forward to updating you on our next call. If you have any further questions, please contact us anytime. Thank you again for your time and attention today, and your interest in Oxbridge. Operator? Before we conclude today's call, I would like to remind everyone that a recording of today's call will be available for replay via a link available in the Investor Section of the company's website. Thank you for joining us today for our presentation. You may now disconnect and have a great day.