Overview
- WTW announced the acquisition of Redefind on Tuesday, June 2, and immediately launched a non-custodial, cost-of-recovery digital-asset protection service in the United Kingdom.
- The product does not require WTW to hold clients’ keys; instead it attaches coverage to cryptographic proof of ownership so policies can cover assets held in self-custody, hardware wallets, or third-party custody.
- Coverage is narrowly focused on recovery expenses and will pay for forensic investigations, on-chain asset tracing, and legal costs tied to recovering stolen or lost crypto rather than reimbursing market value losses.
- Redefind co‑founders Richard Daws and Connor Edward joined WTW as part of the transaction, financial terms were not disclosed, and WTW said it plans further product development and international rollout.
- Industry impact could include opening insurance to self-custody users previously excluded from cover, but regulators, distribution paths and pricing mechanics remain unresolved and will shape how widely the product is adopted.