Relm teams up with Trisura for digital assets risks

Bermudan specialty insurer Relm Insurance Ltd is expanding its strategic fronting partnership with Trisura Specialty Insurance Company to enable the carrier to provide capacity in support of AM Best-rated paper for US digital asset risks.

A- rated Trisura is an international specialty insurance provider operating in the surety, risk solutions, corporate insurance, fronting and reinsurance markets. The full-fronting agreement with Trisura will span Relm’s book, enabling the latter to provide US digital asset businesses with a range of financial and professional lines and specialty coverage solutions, including D&O, cyber, tech E&O and crime, on AM Best-rated paper.

Howden Broking Group will serve as the reinsurance broker.

Relm was launched in 2019 to address the scarcity of insurance capacity available to emerging industries.

“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,” said Drew Taylor, VP of financial and professional lines at Relm. “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.”