Relm Insurance, a subsidiary of the Deltec International Group, the parent company of Deltec Bank & Trust, has issued a statement attempting to distance itself from the fallout from FTX and Alameda – companies it was, at least partially, insuring.

In a statement from CEO, Joseph Ziolkowski, Relm admits to insuring West Realm Shires (aka FTX US), FTX Australia Pty. Ltd., and "companies that have been compromised due to their relationship with FTX and Alameda.”

"Following a detailed review of our entire portfolio, we remain confident that we will continue to be well-capitalized to serve the needs of the industry as the fallout from this event evolves," wrote Ziolkowski.

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