• Relm Insurance launched a K&R product to protect web3 and cannabis leaders from rising physical threats.
• Crypto attacks from 2024 to 2026 comprise over 33% of all-time sector violence, driving niche demand.
• Clients gain a 10% mitigation allowance for proactive training and 24/7 access to security directors.

Bermuda-based Relm Insurance has launched a specialized kidnap and ransom (K&R) insurance product tailored for the Web3 and cannabis sectors. The move marks a shift in the specialty insurance market, addressing a new class of risk that traditional providers have largely avoided.

The launch is a response to a sharp increase in violent crime targeting high-profile innovators. Recent data indicates that between 2024 and 2026, crypto-related attacks accounted for more than a third of all violent incidents reported in the sector’s history, with hotspots emerging in the U.S., U.K. and France.

Additionally, because federal banking restrictions in the U.S. often force cannabis operators to deal in large volumes of physical currency, their facilities and personnel remain high-value targets for organized criminal groups.

“We are not just selling insurance; we are enabling operational continuity and personal safety in uncertain times,” said Joseph Ziolkowski, CEO and founder of Relm Insurance.

According to a media statement, Relm is partnering with an industry leader in personnel security to provide more than just financial reimbursement. The K&R solution includes immediate access to a security response team with more than 200 years of combined experience in special forces, law enforcement and corporate intelligence.

Key features of the coverage include access to multilingual security response directors stationed across the U.S., Mexico, U.K., Nigeria and other regions. Coverage extends to kidnapping, extortion, virtual kidnapping, malicious detention and emergency evacuations due to credible threats. The product also includes a 10% allowance that lets clients fund proactive training, security audits and crisis planning before an incident occurs.

For years, the so-called innovator’s gap has left tech and cannabis leaders exposed. Traditional insurers often lack the specialized underwriting knowledge to price risks associated with “doxxed” crypto founders or the physical security requirements of a cannabis vault. By integrating pre-incident readiness—including tailored threat awareness sessions and global exposure assessments—Relm is attempting to turn insurance from a reactive safety net into a proactive shield.

Since its inception, the firm has been a pioneer in crypto and Web3 insurance, launching the first bitcoin-denominated insurance policies. It also provides coverage for satellite launches and lunar missions and supports the burgeoning psychedelic therapeutics market.

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