Relm was established in 2019 and aims to address the limited insurance capacity available within high-growth markets.
The expansion will allow Relm Insurance to initiate operations via its Dubai-based affiliate, which holds a Category 4 Licence from the Dubai Financial Services Authority (DFSA). Relm Insurance, regulated by the Bermuda Monetary Authority, will introduce its specialised underwriting expertise and insurance products to the MENA market.
Launching Relm Insurance MENA marked a significant step for the company’s long-term growth strategy. Joseph Ziolkowski, founder and CEO of Relm Insurance, commented that the deal would enable the company to bolster its collaborations with distribution partners in the UAE and the broader MENA region.
Ziolkowski commented: “This acquisition opens up new avenues for Relm Insurance to work more closely with its distribution partners in the UAE and the broader MENA region to cater directly to the insurance needs of businesses operating in rapidly evolving industries such as AI, Web3, and the space economy. By leveraging our sector expertise, underwriting experience, and our tailored insurance products, we aim to help bolster the resilience of innovative companies in emerging, high-growth industries.”
Relm Insurance said the new Dubai operations extend its reach and commitment to serving emerging industries. Relm Mena will function as an MGA, collaborating with local brokers to ensure essential insurance coverage is accessible to its target market.
Bruno Bertucci, CEO of Relm Insurance MENA, added: “We are excited about the opportunities presented by our expansion into the MENA region. Dubai is quickly becoming a global finance hub thanks to its forward-thinking regulations for cryptocurrencies and blockchain, attracting top financial companies worldwide. This global expansion initiative furthers Relm’s dedication to our mission of contributing to the building of the future by creating solutions for complex risks for innovative markets.”
