Willis Towers Watson buys digital asset insurance platform Redefind

Willis Towers Watson (WTW) has acquired Redefind, a web-based platform offering insurance products for cryptocurrency and digital assets, as the broking and solutions group deepens its footprint in digital finance protection.

Financial terms were not disclosed.

Redefind’s co-founders, Richard Daws and Connor Edward, have joined WTW following completion of the transaction.

The deal aligns with the company’s broader push to extend its services to clients active in cryptocurrency markets, digital finance and tokenised asset ecosystems.

The acquired platform operates on a non-custodial model, concentrating on the costs associated with recovering digital assets rather than their market value.

Coverage encompasses expenses arising from forensic investigations, asset tracing and legal recovery proceedings following digital asset theft.

Redefind’s enterprise-grade technology relies on cryptographic proof of ownership to make insurable assets that have historically been difficult to cover. Its products cater to both individual and institutional customers across various custody arrangements.

The service is initially due to launch in the UK, with further product development and international expansion planned.

WTW was established in January 2016 through the merger of Willis Group Holdings, which traces its origins to 1828, and Towers Watson, itself formed by the 2010 combination of Towers Perrin and Watson Wyatt.

WTW global specialities head Alastair Swift said: “As digital assets continue to move further into the mainstream, demand for credible regulated protection solutions is increasing. Through this investment, WTW is taking a leading position to shape the future of risk transfer and protection in the digital economy.”

The acquisition follows a period of stronger financial performance for WTW.

In the first quarter of 2026, net income rose by 27% year on year to $303m, up from $239m.

Revenue grew by 8% to $2.41bn from $2.22bn, and adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) climbed to $589m from $532m.

Adjusted EBITDA margin edged up to 24.4% of revenue from 23.9% in the corresponding period of 2025.

“Willis Towers Watson buys digital asset insurance platform Redefind” was originally created and published by Life Insurance International, a GlobalData owned brand.

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