What Relm Insurance does

Relm Insurance Ltd. is a Bermuda-domiciled specialty insurance carrier, founded in December 2019 by Joseph Ziolkowski, that writes cyber, professional liability, D&O, fiduciary, crime, casualty, property, and specialty coverages exclusively for emerging and innovative industries — including Web3/digital assets, artificial intelligence, biotech, cannabis, the space economy, fintech, psychedelic therapeutics, esports, online gambling, sharing economy, climate tech, and InsurTech. The company operates from headquarters in Hamilton, Bermuda, with offices in Miami Beach, New York, London (opened January 2024), Dubai (acquired July 2024 as Relm Insurance MENA Ltd.), Cham (Switzerland), and Manila, and is regulated by the Bermuda Monetary Authority under the Innovative Insurer – General Business (IIGB) authorization — the first such license issued in Bermuda. Relm is privately held with no public parent and holds an 'A, Exceptional' Financial Stability Rating from Demotech (December 2021) and SOC 2 Type II accreditation (June 2025).

Relm's product surface is built around an integrated suite of named forms tailored to each emerging vertical: NOVA/NOVAWEB3 (cyber and tech E&O), FALTAWEB3 (crypto exchange default), ALPHAWEB3/ALPHA (consolidated investment-management liability up to $5M across multiple currencies), OMEGAFINTECH and NOVAFINTECH (fintech), NOVASPACE/OMEGASPACE/SIGMA (space economy), NOVAAI/PONTAAI/RESCAAI (AI liability), Side A DIC and Employment Practices Liability, and a specialized Kidnap & Ransom product for Web3 and cannabis executives. Underwriting is augmented by a proprietary sector classifier AI model and a private corporate OpenAI ChatGPT deployment introduced in late 2025, with 2026 divisional KPIs tied to AI augmentation. Reinsurance capacity is supplied by Relm II, a Bermuda-domiciled multi-currency collateralized facility accepting both fiat and digital-asset collateral under the IIGB license.

Relm makes money primarily by writing specialty insurance premiums (direct and assumed) on a quote-based annual cadence across financial lines, professional lines, cyber, crime, casualty, property, and specialty lines such as kidnap & ransom and contract surety, plus treaty and facultative reinsurance premium across accident & health, motor, captive, casualty, cyber, parametric, professional lines, property, specialty, surety, and warranty. A secondary income stream comes from fees and investment spreads on Relm II's crypto-collateralized capacity, plus captive insurance infrastructure and alternative-risk-transfer mandates for sophisticated insureds. Distribution runs through wholesale and retail brokers globally, augmented by MGAs and fronting partners in the US (50-state MGA led by Keith Lavigne, plus Trisura fronting), the UK (Bridgehaven Specialty UK MGA), APAC (Frontier Global Underwriting binding authority), and the UAE (Liva Group partnership), enabling Relm to write in 40+ countries without proportionally scaling fixed cost.

Name

Relm Insurance

Legal name

Relm Insurance Ltd.

Website

https://relminsurance.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Relm Insurance is a Bermuda-domiciled specialty carrier that writes cyber, professional, D&O, and specialty liability coverage exclusively for emerging industries — Web3, AI, biotech, cannabis, space economy, fintech, and more — distributing globally through brokers, MGAs, and multi-currency reinsurance facilities across 40+ countries.

Ownership category

akta.pro rank

Product category

Specialty Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Professional Liability (E&O) Reinsurance (FSAOADAH)

akta.pro secondary industries

General Liability Reinsurance (FSAOABAD), Morbidity / Health Reinsurance (Medical & Disability) (FSAOAAAC), Commercial General Liability (CGL) (FSAJADAA), Event Cancellation & Contingency (FSAJAGAN)

Keywords

• Specialty insurance
• Web3 insurance
• Cyber liability insurance
• AI liability insurance
• Reinsurance solutions

Headquarters

HQ city

Hamilton

HQ country

Bermuda

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Specialty insurance premiums: Primary revenue stream: writing direct and assumed specialty insurance premiums across financial lines, professional lines/E&O, cyber, crime, casualty, property/inland marine, and specialty lines (kidnap & ransom, contract surety, punitive damages wrap). Premiums are quoted per risk based on bespoke underwriting.
2. Reinsurance premiums: Tailored treaty and facultative reinsurance solutions across Accident & Health, Auto/Motor, Captive, Casualty, Cyber, Parametric, Professional Lines, Property, Specialty, Surety/Financial Guarantee, and Warranty. Capacity is structured for clients in cutting-edge markets.
3. Captive insurance and alternative risk transfer fees: Relm provides flexible captive insurance infrastructure for sophisticated clients, enabling fiat or digital-asset-backed programs, and offers reinsurance investment opportunities to institutional investors seeking uncorrelated returns.
4. Crypto-collateralized reinsurance investment returns: Relm II accepts collateral in fiat or crypto and partners with aligned capital providers, generating investment fee/spread income on the collateralized capacity deployed for crypto sector risks.

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels9 records

Core offering

Relm Insurance is a specialty insurance carrier that underwrites bespoke and admitted coverage for emerging and frontier industries including Web3, AI, biotech, cannabis, space economy, esports, online gambling, and fintech. The company also offers reinsurance treaty and facultative solutions, alternative risk transfer, and captive insurance structuring through its Relm II collateralized reinsurance platform. It serves institutional clients globally with coverage lines spanning cyber, tech E&O, D&O, professional liability, and specialty property and casualty.

Differentiator

Problem solved

Functional benefit

Brands

• OMEGASPACE: Insurance product for downstream space-economy companies combining cyber, professional indemnity, and tech E&O coverage.
• NOVASPACE
• SIGMA
• Relm II
• PONTAAI
• NOVAAI
• RESCAAI
• FALTAWEB3
• NOVAWEB3 / NOVA
• OMEGAFINTECH
• NOVAFINTECH
• ALPHAWEB3
• ALPHA
• Relm Kidnap & Ransom for Digital Asset and Cannabis
• Relm US Insurance Solutions
• Relm UK MGA

Products and services

• OMEGASPACE Downstream space insurance coverage designed for satellite operators, space service providers, and downstream space economy participants requiring bespoke liability protection.
• NOVASPACE Errors and omissions coverage for space supply chain participants including component manufacturers, launch service adjacencies, and ground segment vendors.
• NOVAAI Liability insurance designed for AI platform developers and enterprises deploying AI, covering algorithmic decision-making, model failure, and related exposures.
• PONTAAI Excess Directors and Officers liability coverage tailored for AI-related claims, sitting above primary management liability towers.
• RESCAAI Coverage for AI-exposed operations across organizations deploying or relying on AI systems, addressing third-party liability from AI-driven outcomes.
• NOVAWEB3 / NOVA Cyber liability and technology errors and omissions coverage for Web3 and digital asset businesses including exchanges, custodians, and tokenization platforms.
• FALTAWEB3 Coverage addressing crypto exchange bankruptcy and related digital asset custody and platform failure exposures.
• OMEGAFINTECH / NOVAFINTECH Specialty liability and professional indemnity coverage tailored for fintech platforms and financial technology companies.
• ALPHA Comprehensive package policy for investment managers combining D&O, Side A DIC, EPL, and crime coverage tailored to hedge funds, private equity, venture capital, and digital asset managers.
• Side A DIC Policy Standalone Side A Directors and Officers liability coverage providing additional limit above primary D&O towers for non-indemnifiable claims against executives.
• EPL Coverage Employment Practices Liability coverage addressing claims arising from employment-related disputes including discrimination, harassment, and wrongful termination.
• Kidnap & Ransom for Digital Asset and Cannabis Specialty Kidnap and Ransom coverage tailored for digital asset holders and licensed cannabis operators facing elevated personal security threats.
• Relm II Multi-currency collateralized reinsurance platform enabling cedants to access Relm's specialty underwriting capacity with collateralized security structures.
• Reinsurance Treaty and Facultative Solutions Reinsurance treaty and facultative solutions providing specialty capacity to primary carriers and cedants across Relm's emerging industry lines.
• Alternative Risk Transfer and Captive Insurance Alternative risk transfer solutions and captive insurance structuring for organizations seeking customized risk financing arrangements.

Quantifiable outcome

• Insurance deployed to hundreds of companies in 30+ countries since 2019
• +7 more outcomes

Segments14 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature8 records

Partnerships

21 partnerships are on record, tiered minor, flagship and core.

• Miami Herbert Business School and Flare NetworkminorGTM or Marketing Partner · 27 May 2026Relm Insurance sponsored the fourth annual Business of Blockchain and Tokenization Conference hosted by Miami Herbert Business School, alongside Flare Network. The conference drew approximately 80 researchers, entrepreneurs and industry professionals and will return in 2027.
• DIFC Innovation Hub and Mohammed Bin Rashid Space Centre (MBRSC)flagshipStrategic or Co-development Partner · 20 November 2025MBRSC and DIFC's Innovation Hub signed an MOU at the Dubai Airshow to create the 'Space for Earth Labs' platform aimed at commercializing space technologies in Dubai. The initiative supports innovation, finance, and policy integration through programs like the Geospatial Accelerator, focusing on Earth observation, AI, and environmental challenges. Relm participated as a partner supporting SpaceTech commercialisation, finance, and insurance in Dubai.
• Jay Virdi (North America Distribution)coreImplementation/ SI/ Consulting Partner · 6 November 2025Relm Insurance appointed Jay Virdi as Distribution Leader for North America on 6 November 2025. Virdi has previous leadership roles at HUB International, Burns & Wilcox, and Aon, and will lead Relm's broker engagement and distribution strategy in the US and Canada.
• Bridgehaven Specialty UK LimitedflagshipChannel Partner/ Reseller/ Distributor · 28 October 2025Relm and Bridgehaven Specialty UK Limited launched a UK MGA on 28 October 2025 focused on providing insurance solutions for emerging industries such as web3, AI, biotech, and the space economy. The partnership expands Relm's international presence and supports the UK's startup ecosystem by giving UK brokers and insureds a dedicated MGA for emerging risk classes.
• Liva Group / Liva InsuranceflagshipChannel Partner/ Reseller/ Distributor · 26 February 2025Relm Insurance and Liva Group announced a strategic insurance partnership in February 2025 focused on empowering innovation and entrepreneurship in Web3 and AI. In April 2025, Liva and Relm obtained Central Bank of the UAE approval for Web3 insurance solutions, allowing Liva and Relm to cater to businesses in high-growth innovative sectors often not covered by traditional insurers in the UAE.
• ACX ComplianceminorGTM or Marketing Partner · 10 February 2025ACX Compliance, the world's first crypto compliance firm, and Relm Insurance jointly published guidance for crypto firms navigating VARA (Virtual Assets Regulatory Authority) regulations in Dubai, supporting Relm Insurance MENA's positioning in the UAE crypto market.
• Keith Lavigne (US MGA lead)flagshipImplementation/ SI/ Consulting Partner · 11 December 2024Relm became the first specialty insurer for innovative industries with a 50-state MGA in the United States, led by industry veteran Keith Lavigne. This broader US footprint is described as a pivotal step in Relm's mission to provide innovative insurance in cutting-edge markets.
• Frontier Global UnderwritingcoreChannel Partner/ Reseller/ Distributor · 16 September 2024Frontier Global Underwriting (a specialist financial lines MGA and Lloyd's of London coverholder) renewed its binding authority agreement with Relm Insurance in September 2024, extending Relm's APAC footprint for digital assets and emerging-sector business. Original APAC partnership established June 2022.
• B&F Partners Ltd.flagshipStrategic or Co-development Partner · 3 July 2024Relm Insurance Ltd. acquired B&F Partners Ltd. in July 2024 and rebranded the acquired entity as Relm Insurance MENA Ltd., enabling operations in Dubai under a Dubai Financial Services Authority license and supporting expansion into high-growth industries such as AI, Web3, and the space economy in the MENA region.
• CyberCubecoreTechnology or Integration · 21 November 2022Relm Insurance announced a strategic partnership with CyberCube, a cyber risk analytics provider, to strengthen Relm's cyber underwriting capabilities for digital asset and emerging-technology clients.
• NetDiligencecoreTechnology or IntegrationRelm announced a strategic partnership with NetDiligence, a cyber risk management firm, supporting Relm's cyber underwriting and broker education (including a 2025 NetDiligence panel with VP of Cyber Andrew Podgorny).
• Trisura Specialty Insurance CompanyflagshipChannel Partner/ Reseller/ DistributorRelm Insurance announced a fronting partnership with Trisura Specialty Insurance Company, expanding Relm's US capacity by writing business on Trisura's paper to serve US-based insureds in cutting-edge industries.
• CyVerscoreTechnology or IntegrationRelm Insurance announced a venture with CyVers, a leading Web3 cybersecurity and threat insights provider, to deliver a comprehensive suite of security measures for Relm's Web3 clients.
• Chapman PartnershipminorOthersCommunity/CSR partnership with Chapman's Partnership, Miami's largest center assisting families in need. Relm participates in meal services, donates essentials, and organizes holiday drives.
• Clean Miami Beach / Clean This Beach UpminorOthersEnvironmental partnership; Relm collaborates with Clean This Beach Up to support beach cleanups, remove debris from shores, and contribute financially to local efforts.
• Keep Bermuda Beautiful (KBB)minorOthersCommunity/environmental partnership with Keep Bermuda Beautiful, supporting Bermuda-based litter reduction and conservation initiatives.
• Bermuda Foundation for Insurance Studies (BFIS)minorOthersEducation partnership; Relm donates to BFIS scholarship and education programs to support fresh, diverse thinking in the insurance industry.
• University of MiamiminorOthersEducation/scholarship partnership; Relm Insurance and BFIS launched University of Miami and Bermuda scholarship programs to support early-career talent in 2026.
• DemotechcoreOthersDemotech provides Relm Insurance Ltd. with its Financial Stability Rating ('A, Exceptional') reflecting balance-sheet strength.
• DeloittecoreImplementation/ SI/ Consulting PartnerDeloitte conducts Relm Insurance Ltd.'s annual financial audit, providing transparency and accountability over financial reporting.
• MarscoreImplementation/ SI/ Consulting PartnerMarsh & McLennan provides independent Loss Reserve Specialists Opinions each year, affirming Relm's accurate claims reserving practices.

Scale indicators10 records

Recent moves11 records

Expansion highlights7 records

Broad incumbents

• Beazley: Beazley is a global specialty insurer with a market-leading cyber and professional liability franchise and Lloyd's footprint, directly comparable to Relm as it underwrites cyber, professional, and financial lines for emerging and traditional sectors.
• Hiscox: Hiscox is a specialty insurer with deep cyber, professional indemnity, and financial lines franchises including a Lloyd's and US presence, comparable to Relm in specialty lines targeting SMEs and high-growth sectors.
• AIG: AIG is a global broad-line insurer with significant specialty cyber, financial lines, and professional liability capabilities, comparable to Relm as a large incumbent entering the same emerging-industry insurance niches.
• Chubb: Chubb is a global property and casualty insurer with a strong specialty cyber and professional liability franchise and broad geographic reach, comparable to Relm in its multi-jurisdiction specialty insurance approach.
• Tokio Marine HCC: Tokio Marine HCC is a global specialty insurer with strong cyber, professional, and financial lines franchises, comparable to Relm as a broad specialty carrier serving technology-driven and emerging-industry clients.

Emerging players

• Lemonade: Lemonade is an InsurTech with a tech-driven, AI-augmented underwriting approach to insurance — relevant to Relm through Ty Sagalow (Lemonade founding member and Relm board director), and comparable in its technology-led model for modern risk classes.

Direct peers

• Corvus Insurance: Corvus Insurance is a specialty cyber insurer using data-driven underwriting for technology and emerging-risk clients, comparable to Relm's specialty cyber, tech E&O, and emerging-industry product positioning.
• At-Bay: At-Bay is a specialty cyber insurance MGA focused on emerging and technology-driven risks, directly comparable to Relm's cyber, tech E&O, and emerging-industry underwriting approach for SMEs and growth-stage companies.
• Coalition: Coalition is a cyber insurance and risk analytics provider targeting technology-driven and emerging-risk insureds, comparable to Relm in its specialty cyber focus, technology-enabled underwriting, and broker-distribution model.

Regional players

• Aspen Insurance Holdings: Aspen is a Bermuda-domiciled specialty insurer with cyber, professional, and financial lines capabilities, comparable to Relm in its Bermuda domicile and specialty insurance focus on complex and emerging risks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/RelmInsurance
• LinkedInlinkedin.com/company/relm-insurance-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Relm Insurance