Relm Insurance, the Bermudian-based insurer dedicated to emerging sectors, has signed a strategic partnership with Liva Group, an insurance group operating across the Gulf Co-operation Council countries.

The company said the partnership aimed at empowering innovation and entrepreneurship in emerging sectors such as digital assets, biotech and artificial intelligence.

It said the union will deliver tailored insurance solutions that address the unique and complex needs of tech companies.

The partnership was formally signed by Martin Rueegg, chief executive of Liva Group, and Joseph Ziolkowski, global chief executive and founder of Relm Insurance, at DIFC AI Campus in Dubai as part of DFS Dialogues.

DFS Dialogues are exclusive strategic conversations that take place in invite-only gatherings in the lead-up to the Dubai Fintech Summit, which is to take place on May 12 and 13.

A Relm spokesman said: “Whether they’re start-ups or established players, firms in emerging sectors often struggle to get the right insurance due to a lack of understanding of their industries’ rapidly evolving landscape, which stifles innovation and deters investment.

“By combining Liva Group’s deep market knowledge with Relm’s deep expertise in specialised insurance, the partnership will provide unparalleled support to these companies, empowering them to tackle complex challenges and seize new opportunities.

“The alliance will initially support companies in the United Arab Emirates and Bahrain, with plans to extend services to Oman, Saudi Arabia, and other key markets in the Middle East and North Africa, supporting the region’s development as a leader in digital transformation, AI innovation and blockchain technology.”

Mr Rueegg said: “Sectors such as digital assets and AI are critical to the next phase of growth in this region. We believe that unlocking their full potential requires fostering an environment where creativity, collaboration and innovation can thrive.

“At Liva, we recognise that technology is a key enabler of this transformation. By leveraging data-driven insights and digital solutions, we are not only improving customer experiences but also enhancing our ability to anticipate and respond to evolving market needs.

“A key aspect of this is providing entrepreneurs and investors with the confidence to embrace new challenges and explore fresh ideas. This mission is at the heart of our partnership with Relm.”

Mr Ziolkowski added: “Our priority is to support clients and brokers by providing the insurance solutions tailored for innovative businesses in this region. This collaboration enables brokers to offer their clients the security they need to thrive in complex and dynamic sectors.”

Operating through its Dubai-based affiliate, Relm Insurance holds a category four licence issued by the Dubai Financial Services Authority.

With its new headquarters in DIFC and regulation under the Bermuda Monetary Authority, Relm said it is well-positioned to provide its specialised insurance solutions in the region.