Specialty insurer Relm Insurance Ltd., has announced an expansion of its strategic fronting partnership with Trisura Specialty Insurance Company.
The expansion will enable the Bermuda-domiciled carrier to provide capacity in support of AM-Best rated paper for US digital asset risks.
Rated A- by AM Best, Trisura is a leading international specialty insurance provider operating in the surety, risk solutions, corporate insurance, fronting and reinsurance segments of the market.
The full-fronting agreement with Trisura will span Relm’s book, enabling the carrier to provide US digital asset businesses with a range of Financial and Professional Lines and specialty coverage solutions – which includes D&O, Cyber, Tech E&O, Crime, and more – on AM Best rated paper.
Howden Broking Group will serve as the reinsurance broker.
At the same time, Relm is licensed and regulated by the Bermuda Monetary Authority and holds an ‘A, Exceptional’ Financial Stability Rating from Demotech, Inc.
The firm was launched in 2019 to address the scarcity of insurance capacity available to emerging industries.
Drew Taylor, VP of Financial and Professional Lines at Relm, said: “We’re thrilled to collaborate with Trisura — one of the most trusted names in insurance — to enhance our underwriting capacity and scale our product offerings across the US. The ability to offer AM Best-rated paper is a significant milestone for Relm, and will allow us to continue delivering exceptional solutions for our broking partners and insureds.”
Joe Ziolkowksi, CEO & Co-Founder of Relm, commented: “We’re excited to expand our partnership with Realm. Relm has demonstrated the ability to manage a rapidly growing portfolio of digital asset risks. We consistently seek to partner with top-tier carriers, and Relm’s experience through a period of unprecedented turbulence across the digital asset ecosystem is a testament to its strong underwriting discipline and technical expertise.”
Michael Beasley, President and CEO of Trisura, added: “We’re excited to expand our partnership with Relm. Relm has demonstrated the ability to manage a rapidly growing portfolio of digital asset risks. We consistently seek to partner with top-tier carriers, and Relm’s experience through a period of unprecedented turbulence across the digital asset ecosystem is a testament to its strong underwriting discipline and technical expertise.”
