Crypto insurer launches world-first reinsurance business


Relm, a company that provides insurance to the crypto sector and the first and only commercial insurer globally to hold Bermuda’s IIGB license, has announced the launch of Relm II, the world’s first fully regulated collateralized reinsurance business that can accept both fiat and cryptocurrencies as collateral.

Relm II enables the creation of regulated reinsurance capacity for companies operating in the crypto space, the insurer said. These businesses need significantly higher limits of protection than the current insurance and reinsurance market is able to provide. The capacity enabled by Relm II will allow Relm to expand its

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