Global consulting and insurance group WTW has acquired UK-based platform Redefind, which provides access to insurance products tailored to the cryptocurrency and tokenized asset markets.
WTW announced the acquisition of Redefind, a platform focused on insurance solutions for digital asset holders. The transaction forms part of the company’s strategy to expand its presence in the digital finance sector.
Willis Towers Watson, operating under the WTW brand, is one of the world’s largest insurance brokers. The company designs risk management programs and insurance solutions for institutional and corporate clients across more than 140 jurisdictions.
The first product launched by WTW through Redefind will be a non-custodial insurance solution. The policy is designed to protect digital asset owners against theft or loss and will cover costs associated with:
- forensic investigations;
- tracing stolen assets;
- legal services related to asset recovery.
The service will initially launch in the UK market. WTW plans to expand both its geographic reach and its range of insurance products for digital assets over time.
Alastair Swift, Head of Global Specialties at Willis, said growing adoption of digital assets is driving demand for regulated investor protection mechanisms. He added that the investment will position WTW to play a leading role in developing insurance solutions for the digital economy and managing emerging financial and technology risks.
Anthony Borgman, Head of GB Affinity at Willis, described the acquisition of Redefind as an important milestone in WTW’s digital strategy. He said the company intends to further develop the platform using the group’s industry expertise and leverage it as a foundation for expanding its capabilities in cryptocurrency and digital asset insurance.
The move comes as the insurance industry increases its engagement with digital assets. In March, Aon conducted pilot transactions involving insurance premium payments in regulated U.S. dollar stablecoins, with technical support from Coinbase and Paxos.
