Relm Insurance, the Bermuda-based global speciality insurance firm, announced its foray into the MENA region through the acquisition of B&F Partners.
Post-acquisition, the company’s name has been changed to Relm Insurance MENA Ltd.
The acquisition will enable Relm Insurance to commence operations via its Dubai-based affiliate with a Category 4 license authorised by the Dubai Financial Services Authority (DFSA), the company said in a media release.
The move will also solidify Relm’s position as the pivotal player in providing specialised insurance solutions to companies operating in high-growth and emerging industries such as AI, Web3, and the space economy, the company said.
The company, regulated by the Bermuda Monetary Authority, said it will bring its specialised underwriting experience and market-leading insurance products to the MENA market.
“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,” said Joseph Ziolkowski, Founder and CEO at Relm Insurance.
“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,” he said.
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