Cryptocurrency insurer Relm adds reinsurance program

Bermuda-based cryptocurrency insurer Relm Insurance Ltd. said Wednesday it is introducing a reinsurance program, Relm II.

Relm said in a statement that Relm II will enable it to tap into substantial pools of aligned investor capital to support traditional lines of coverage, such as directors and officers and professional indemnity.

The program can accept both crypto and fiat, or regular currency, as collateral.

Relm II is domiciled in Bermuda and regulated by the Bermuda Monetary Authority.