Key Takeaways
- • WTW acquired Redefind, a web-based insurance platform specializing in crypto and digital asset coverage, marking the broker's strategic expansion into next-generation protection solutions for digital finance clients.
- • Redefind's offering operates as a non-custodial, cost-of-recovery insurance solution covering expenses for forensic investigation, asset tracing, and legal recovery of stolen digital assets—addressing a growing market gap in regulated crypto protection.
- • Founders Richard Daws and Connor Edward joined WTW upon transaction completion; the service will launch initially in the UK with planned expansion to broader markets as product capabilities evolve.
- • The acquisition reflects WTW's positioning to capture demand for "credible regulated protection solutions" as digital assets move into mainstream adoption, according to Alastair Swift, head of global specialties at Willis.
- • Financial terms were not disclosed.
Summary
WTW has acquired Redefind, an end-to-end web-based platform designed to facilitate access to insurance products for cryptocurrency and digital assets. The transaction represents a strategic initiative to expand WTW's footprint in next-generation protection solutions targeting clients with exposure to digital finance, crypto ecosystems, and tokenized asset environments. Transaction financial details were not disclosed.
Redefind's core offering operates as a non-custodial, cost-of-recovery insurance solution intended to support digital asset owners in the event of theft or loss. The coverage specifically addresses expenses associated with forensic investigation, asset tracing, and legal recovery of stolen digital assets—a specialized protection gap in the broader insurance market as institutional and retail participation in crypto continues to grow. This positioning allows WTW to serve clients seeking regulated protection mechanisms backed by established insurance infrastructure.
Redefind's founders, Richard Daws and Connor Edward, joined Willis upon completion of the acquisition. The service will initially launch in the UK, with broader geographic market and product expansion planned as platform capabilities continue to develop. Alastair Swift, head of global specialties at Willis, emphasized that the investment positions WTW to shape the future of risk transfer in the digital economy, noting that "demand for credible regulated protection solutions is increasing" as digital assets move further into mainstream adoption. Anthony Borgman, head of GB Affinity at Willis, welcomed the founders to the organization, underscoring WTW's commitment to supporting clients in navigating emerging financial and technology risks through trusted, regulated solutions backed by global insurance expertise.
Redefind's core offering operates as a non-custodial, cost-of-recovery insurance solution intended to support digital asset owners in the event of theft or loss. The coverage specifically addresses expenses associated with forensic investigation, asset tracing, and legal recovery of stolen digital assets—a specialized protection gap in the broader insurance market as institutional and retail participation in crypto continues to grow. This positioning allows WTW to serve clients seeking regulated protection mechanisms backed by established insurance infrastructure.
Redefind's founders, Richard Daws and Connor Edward, joined Willis upon completion of the acquisition. The service will initially launch in the UK, with broader geographic market and product expansion planned as platform capabilities continue to develop. Alastair Swift, head of global specialties at Willis, emphasized that the investment positions WTW to shape the future of risk transfer in the digital economy, noting that "demand for credible regulated protection solutions is increasing" as digital assets move further into mainstream adoption. Anthony Borgman, head of GB Affinity at Willis, welcomed the founders to the organization, underscoring WTW's commitment to supporting clients in navigating emerging financial and technology risks through trusted, regulated solutions backed by global insurance expertise.
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