Relm will service the insurance needs of business sectors which are new to the economy but are likely to become significant economic drivers over time. In the first instance, it will focus on digital asset (cryptocurrency) enterprises and cannabis and hemp related businesses. In the future, Relm plans to offer insurance solutions to new sectors as diverse as digital banking, the sharing and gig economy, autonomous vehicles and AI.
The first five product areas that Relm will initially offer are:
— Tailored Digital Asset Custody (DAC) insurance program for digital asset custodians and/or service providers that provide short-term digital asset custody
— Directors and officers’ liability for cannabis/hemp businesses and digital asset businesses including a private company product with coverage for token issuances and alternative Side A solutions
— A miscellaneous professional liability cover that can be tailored to accommodate service providers and advisors in various capacities within both the digital asset and cannabis/hemp spaces.
— Cyber cover for emerging business sectors
— Commercial Crime for emerging business sectors
— Currently in development for the cannabis and hemp space are insurance products for living plant coverage and bailees exposure
Joe Ziolkowski CEO of Relm said:
Ty Sagalow, Founding Member of Lemonade Inc. and Independent Non-Executive Director of Relm Insurance, Ltd. said:
Relm is a specialist insurance business focused on providing comprehensive insurance solutions for new and emerging business sectors and categories. Its initial product offerings have been created for the digital asset and cannabis production industries. Relm is owned by Deltec International Group, which also provides underwriting capacity. The business is led by CEO Joe Ziolkowski.
Sam Whiteley Free Partners +44 (0) 207787 545529