Frontier Secures New D&O and Professional Liability Capacity for APAC Crypto and Cannabis Risks From Relm Insurance
This new collaboration gives Relm a greater foothold and presence in the Asia Pacific region.
LONDON, June 22, 2022 (Newswire.com) - Relm Insurance, a global emerging risk insurer, today announces their support of Frontier Global Underwriting, a specialist financial lines MGA and Lloyd's of London coverholder, in the launch of their D&O and Professional Liability offering to cannabis, crypto and Web3 risks in Asia Pacific.
With an office in Sydney, Australia, and hands-on experience working in Hong Kong and Singapore, the Frontier team have a deep understanding of the financial and investment management landscape in the region complemented by proven expertise in the blockchain and crypto sector. They will provide D&O and Professional Liability cover for a range of clients with crypto at their core, including fund managers, exchanges, custodians and trading platforms as well as legal cannabis operators in the APAC region.
Commenting on the announcement, Joel Pridmore Managing Director, Frontier, said, "We look to provide solutions to our clients that enable them to deliver their goals and objectives and ultimately allow them to thrive. We have a lot of respect for what Joe Ziolkowski and the Relm team have achieved in the crypto and Web3 space and view this partnership as an exciting development in Frontier's journey."
Joe Ziolkowski, CEO, at Relm, commented, "There's high demand for crypto insurance in the APAC region. Frontier has an excellent understanding of the challenges faced by clients in these markets and is the perfect partner to allow us to extend our foothold in the region."
Notes to editors
Frontier Global Underwriting
Frontier Global Underwriting is a world-leading Financial Lines coverholder based in London, UK, with an office in Sydney, Australia. Frontier provides unique financial lines insurance solutions to a broad portfolio of clients located in over 50 countries across the globe. Frontier is regulated by the FCA in the UK and ASIC in Australia and was founded by Joel Pridmore and Sophie Fraser in 2020.
Established in 2019, Relm is now the world's leading insurance provider to the crypto sector and is the first commercial insurer globally to hold Bermuda's IIGB License, which enables the business to accept premium, pay claims and build reserves in both fiat and crypto. Nearly three years later, Relm has continued to expand its product offerings with a solution-oriented underwriting approach. Having provided insurance coverage to companies operating in more than 30 countries within every sector of the crypto ecosystem, Relm has a proven underwriting track record navigating complex risks. Awarded an 'A Exceptional' Financial Stability Rating (FSR) in 2021 by Demotech, Relm also holds the longest underwriting track record for emerging industries insurance in the market. Relm is co-founded and led by CEO Joe Ziolkowski and offers both primary and excess insurance lines.
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Source: Relm Insurance