Rated and Regulated
Domiciled in Bermuda, Relm Insurance Ltd. is regulated by the Bermuda Monetary Authority (BMA), which has demonstrated a longstanding commitment to embracing technology and alternative solutions that address the evolving needs of the insurance industry
In 2018, the BMA’s Insurance Amendment Act 2018 introduced a new ”Innovative Insurer General Business” (Class IIGB) regulatory framework for digital asset and cryptocurrency insurers.
As a regulated general insurance company, we comply with the stringent statutory and solvency reporting requirements imposed by the Bermuda Monetary Authority. This includes filing annual financial statements that are audited by a Big-Four accounting firm. Furthermore, Relm maintains a Financial Solvency Rating from Demotech, Inc., an SEC-designated Nationally Recognized Statistical Rating Organization (NRSRO).