Insurance giant WTW moves into crypto asset recovery with Redefind buy
WTW acquired crypto insurance platform Redefind and launched a digital asset protection service for theft or loss of digital assets. The product is non-custodial and focuses on covering recovery-related expenses such as forensic investigations, asset tracing, and legal recovery efforts rather than replacing lost assets. It will first launch in the United Kingdom, with wider expansion planned. Redefind’s platform lets individuals and institutions insure digital assets across different custody setups and uses cryptographic proof of ownership to confirm insured holdings. Redefind founders Richard Daws and Connor Edward joined Willis, WTW’s broking arm, after the acquisition. WTW said the deal supports its strategy to serve clients exposed to digital finance, cryptocurrency, and tokenized assets. Financial terms were not disclosed. The move comes as insurers and brokers increasingly roll out crypto-related products, including Bitcoin-linked annuities, crypto payment and claims systems, stablecoin premium settlement, and Bitcoin-denominated insurance offerings.
