3 March 2020Services

Relm opens doors to offer crypto and cannabis coverage

Relm, an insurer of emerging business categories, has officially launched its operations in London.

The new business, led by CEO Joe Ziolkowski and operations vice president Keyla Roman, is owned by Deltec International Group.

Relm will service the insurance needs of business sectors that are new to the economy but are likely to become significant economic drivers over time, such as digital assets and cannabis and hemp-related businesses. In due course it will offer insurance solutions to new sectors such as digital banking, the sharing and gig economy, autonomous vehicles and artificial intelligence.

To start with Relm offers tailored digital asset custody insurance; directors and officers’ liability for cannabis/hemp businesses and digital asset businesses; a miscellaneous professional liability cover that can be customised for service providersin the digital asset and cannabis/hemp spaces; cyber cover for emerging business sectors; and commercial crime insurance for emerging business sectors.

It is currently developing insurance products for living plant coverage and bailees exposure for the cannabis and hemp space.

Ziolkowski argued Relm’s support of these emerging industries will help them to grow. “We truly understand how challenging it can be to get affordable cover and great business support, which is why Relm’s proposition to the marketplace is so critical,” he added.

Ziolkowski said: “We have a strong new business pipeline for our first four products and will be building out new covers and sector specific insurance products in the coming months.”