What did WTW acquire?

WTW acquired crypto insurance platform Redefind as part of its expansion into digital asset services. The deal also led to the launch of a new digital asset protection offering focused on helping clients recover assets after theft or loss.

What does WTW's new crypto protection service cover?

The service covers costs associated with forensic investigations, asset tracing and legal recovery efforts following the theft or loss of digital assets. It focuses on recovery-related expenses rather than directly insuring the value of lost cryptocurrency.

How is this different from traditional crypto insurance?

Traditional crypto insurance often covers custodial risks, such as assets held by exchanges or custodians. WTW's offering is designed as a non-custodial product that helps asset owners pursue recovery after an incident occurs.

Where will the new service launch first?

The digital asset protection service will initially launch in the United Kingdom. WTW said it plans to expand the offering into additional markets over time.

Is crypto insurance becoming more common?

Yes. Insurance companies and brokers are increasingly developing products tied to cryptocurrencies, digital assets and blockchain technology as institutional and retail adoption continues to grow.

How are other insurers using cryptocurrency?

Several insurers have expanded into crypto-related services, including Bitcoin-linked annuities, crypto payment systems and blockchain-based settlement networks. Some firms are also building insurance products backed directly by digital assets.

Image for illustrative purposes only. Not a real photo.

WTW acquires Redefind for crypto recovery

Q: What is Redefind?

Redefind is a crypto insurance platform that allows individuals and institutions to insure digital assets held across different custody arrangements. The platform uses cryptographic proof of ownership to verify insured holdings.

Q: Why is WTW entering the crypto market?

WTW said the acquisition aligns with its strategy to expand services for clients involved in digital finance, cryptocurrency markets and tokenised assets. The move reflects growing institutional demand for risk management solutions in the digital asset sector.

Written by Isaac FrancisPublished Jun 3, 2026, 2:17 AM

Global insurance broker and risk advisory firm WTW has acquired crypto insurance platform Redefind and launched a digital asset protection service aimed at helping clients recover stolen or lost cryptocurrency.

The new service covers costs associated with forensic investigations, blockchain asset tracing and legal recovery efforts, focusing on recovery support rather than traditional custodial insurance coverage.

Redefind allows individuals and institutions to insure digital assets held across different custody arrangements and uses cryptographic proof of ownership to verify insured holdings.

The product is designed as a non-custodial insurance solution and will initially launch in the United Kingdom, with plans for broader international expansion.

Redefind founders Richard Daws and Connor Edward have joined Willis, WTW's broking division, following completion of the acquisition.

WTW said the transaction supports its strategy of expanding services for clients involved in digital finance, cryptocurrency markets and tokenised assets, though financial terms were not disclosed.

The acquisition comes as insurers increasingly explore crypto-related products, including Bitcoin-linked annuities, cryptocurrency payment systems, blockchain-based settlement networks and digital asset-backed insurance businesses.

At the time of reporting, Bitcoin price was $66,788.19.