Relm Insurance

Relm Insurance is a specialty insurance carrier founded in 2019 and domiciled in Hamilton, Bermuda, providing tailored insurance products for emerging technology industries including the space economy — offering launch vehicle and in-orbit satellite coverage through its OMEGASPACE (launch and early orbit) and NOVASPACE (in-orbit operational) product lines.

Relm was founded to serve industries that traditional insurance markets struggle to underwrite due to novel risk profiles, extreme per-event loss values, and limited actuarial loss history compared to mature industries. For the space sector, this includes launch vehicle insurance (covering total or partial payload loss during launch — a risk class with significant historical claims from launch vehicle failures affecting commercial satellites), in-orbit risk (insuring against satellite malfunction, collision damage, or total loss after achieving operational orbit), and emerging categories including in-space servicing operation risk and commercial space station liability.

The company's OMEGASPACE product covers the highest-risk phase of satellite life — launch and early orbit operations — where failure rates are historically highest and a single event can destroy hundreds of millions of dollars of hardware. NOVASPACE covers in-orbit operational risk across the satellite's commercial service lifetime. Relm has earned a Financial Stability Rating of A (Exceptional) from Demotech, Inc. — a rating agency specializing in specialty and regional carriers — providing the underwriting credibility that large commercial satellite operators and their lenders require from insurance counterparties.

Bermuda domicile is traditional for specialty reinsurance carriers due to its flexible regulatory environment, favorable tax treatment, and proximity to London and New York reinsurance capacity. Relm competes with Lloyd's of London space syndicates, AXA XL, and Chubb for commercial satellite insurance placements.