RATE Group | New Insurer, Relm, Offers Cover for Cryptocurrency, Cannabis Businesses
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New Insurer, Relm, Offers Cover for Cryptocurrency, Cannabis Businesses

03 Mar New Insurer, Relm, Offers Cover for Cryptocurrency, Cannabis Businesses

Posted at 16:06h in Cryptocurrency News by

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Relm, a Bermuda-based insurer that specializes in emerging business categories, has opened its doors for business.

The new business, which is led by CEO Joe Ziolkowski and Operations Vice President Keyla Roman, is owned by Deltec International Group, a Bahamas-headquartered independent financial services group, which is also supplying Relm’s underwriting capacity.

Relm said it 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 artificial intelligence (AI).

The first five product areas that Relm will offer are:

  • Tailored Digital Asset Custody (DAC) insurance program for digital asset custodians and/or…

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