Relm Insurance

About Relm Insurance

Relm Insurance operates as a specialty insurance carrier meticulously focused on emerging and high-risk industries. The company was founded in 2019 in Bermuda by Joseph Ziolkowski, who currently serves as CEO. Ziolkowski, a risk management professional with nearly 15 years of experience, identified a significant gap in the market for insurance capacity tailored to groundbreaking sectors. His background includes launching two prior insurance startups and specializing in alternative risk transfer, which provided a unique perspective on the need for customized insurance solutions where traditional models fall short.

The company's business model is centered on providing direct insurance coverage to companies that are often declined by traditional insurers due to a lack of historical data. Relm addresses this by drawing on analogous data sources and investing in a deep, sector-specific understanding of the technologies and risks they underwrite. Its clientele includes businesses in the digital asset and Web3 ecosystem, artificial intelligence (AI), the space economy, fintech, cannabis, and alternative therapeutics. Revenue is generated through gross written premiums from these specialized insurance policies. Since its inception, Relm has written over $100 million in gross premium, primarily from the digital asset sector.

Relm offers a suite of tailored insurance products. For the digital asset and Web3 space, this includes coverage for staking/slashing events, smart contract failures, crypto theft, and Directors & Officers (D&O) liability for token issuers. In 2025, the company launched three specific AI insurance products—NOVAAI, PONTAAI, and RESCAAI—to cover risks like professional negligence, IP infringement, and regulatory liability associated with AI. The company also modifies traditional products such as cyber liability, commercial crime, and professional liability to fit the unique exposures of its target industries. A key milestone was the launch of Relm II in April 2022, a collateralized reinsurance facility that can accept both fiat and digital assets, enhancing its capacity to support crypto businesses. The company holds an 'A, Exceptional' Financial Stability Rating from Demotech and is licensed by the Bermuda Monetary Authority (BMA), where it was the first to receive the 'Innovative Insurer – General Business' (IIGB) designation in December 2020.