As the first insurer regulated under the Class IIGB framework, Relm pioneered the path for regulated coverage across both digital-asset and traditional sectors.
Relm holds a Class IIGB License issued by the Bermuda Monetary Authority (BMA). This license allows Relm to operate as a fully regulated insurer supporting both traditional and innovative digital-asset businesses.
The IIGB framework combines the rigor of established insurance regulation with flexibility for innovation, enabling Relm to underwrite emerging risks while maintaining prudent oversight and capital standards. As institutional demand grows faster than available insurance capacity, Relm’s regulated approach helps bridge the protection gap across rapidly evolving industries.
What the Class IIGB License Allows
The Class IIGB License authorizes Relm to transact in or hold digital assets like cryptocurrencies, while also underwriting traditional insurance business. Importantly, Relm is not limited to crypt: our operations, underwriting, and balance sheet are grounded in traditional insurance principles.
Relm primarily maintains fiat-based reserves, managed through independent, third-party asset managers and invested in conservative instruments such as short-term US Treasury bills. This ensures strong liquidity, solvency, and financial stability across all product lines.
In addition, Relm maintains a measured exposure to digital assets on its balance sheet to support crypto-denominated coverage. Relm can also denominate policies and settle premiums or claims in select cryptocurrencies and stablecoins, alongside traditional fiat currencies.
Relm continues to explore blockchain-based innovations designed to enhance policy transparency and streamline claims processes.
Coverage offered under the Class IIGB license includes directors and officers liability, professional indemnity, and crime insurance, as well as bespoke protection for cybersecurity risks, smart contract failure, and staking or slashing events.
What This Means for Brokers and Clients
For brokers, Relm offers a trusted, regulated partner capable of providing coverage for clients across both traditional and digital-asset sectors. Our license gives brokers the confidence that policies are backed by a regulated insurer operating under the BMA’s IIGB framework.
For clients, Relm provides the security of a licensed and financially sound insurer, coupled with the flexibility to innovate, whether coverage involves blockchain-native risks, digital-asset operations, or more conventional commercial exposures.
As emerging markets continue to evolve, Relm’s expertise and underwriting agility provide a vital bridge between innovation and regulation.
Global Scope
Relm’s Class IIGB License authorizes us to write business internationally from our headquarters in Bermuda. This global reach enables Relm to support brokers and clients across multiple jurisdictions, providing regulated insurance solutions wherever innovation and enterprise meet.
Regulation and Financial Strength
Relm is regulated by the Bermuda Monetary Authority, one of the world’s most respected insurance regulators.
Our Demotech Financial Stability Rating of ‘A — Exceptional’ reflects Relm’s sound capitalization, prudent asset management, and disciplined underwriting approach.
Together, these factors reinforce Relm’s position as a reliable, forward-thinking insurer capable of supporting both established and emerging industries through innovation, solvency, and regulatory strength.
