Appleby served as Bermuda counsel to Relm Insurance II Ltd. (Relm II) in connection with its incorporation and registration as an ‘Innovative Insurer – General Business’ (Class IIGB), pursuant to section 4 of the Insurance Act 1978.
Relm II is the world’s first fully regulated collateralised reinsurance business accepting both fiat and crypto as collateral. It enables the creation of regulated reinsurance capacity for companies operating in the crypto space.
As a Class IIGB insurer, Relm II intends to continue to bring innovation to the insurance sector and enhance market availability in the space, utilising the effectiveness of Bermuda’s regulatory markets.
The Appleby team was led by Brad Adderley (Picture).
Involved fees earner: Brad Adderley – Appleby;
Law Firms: Appleby;
Clients: Relm Insurance II Ltd. ;