Relm Insurance, the leading specialty insurer supporting emerging and innovative industries like web3, crypto, cannabis, and the space economy, announced the launch of its Kidnap and Ransom (K&R) insurance product. This high-impact solution is specifically designed to protect individuals and organizations in the digital asset and cannabis sectors from a growing spectrum of physical threats, including kidnap, extortion, malicious detention, and other crisis events.

The launch comes amid heightened personal security concerns in the wake of a surge of targeted attacks and abductions involving cryptocurrency holders, founders, and executives. Recent attacks against high-profile individuals in the US, UK, and Europe involved home invasions, physical coercion, and ransom demands (all in connection with digital wealth), driving unprecedented demand for specialized K&R coverage.

“From web3 founders to cannabis operators, our clients are navigating an evolving threat landscape,” said Joseph Ziolkowski, CEO and Founder of Relm Insurance. “Our K&R solution is designed to meet those risks head on, combining expansive coverage with expert-led crisis response and security consultation. We are not just selling insurance, we are enabling operational continuity and personal safety in uncertain times and moments of vulnerability.”

Relm’s K&R solution is built in partnership with a third-party industry leader in personnel security and crisis response. This union is crucial as it gives Relm’s clients immediate access to a team of Security Response Directors. This dedicated crisis team has over 200 years’ combined crisis experience, has handled over 1600 incidents, and draws from roles in global security, special forces, law enforcement, journalism, various government agencies, and corporate intelligence.

To deploy at a moment’s notice in any country, this multilingual team is strategically located across the US, Colombia, Mexico, the UK, France, Portugal, Nigeria, and Spain.