WTW, the global insurance broker and risk advisory firm traded on NASDAQ under WTW, has acquired crypto insurance platform Redefind and immediately launched a dedicated digital asset protection service. The new offering covers costs tied to forensic investigations, asset tracing, and legal recovery efforts following theft or loss of crypto holdings.
The deal, announced on June 2, brings Redefind’s co-founders Richard Daws and Connor Edward into WTW’s operations. Financial terms were not disclosed.
What the new service actually does
WTW’s new service operates on a non-custodial basis, meaning the insurer never needs to hold or control the digital assets it covers. Instead, the system relies on cryptographic proof of ownership to verify which assets are insured. Rather than handing your Bitcoin to an insurance company for safekeeping, you prove you own it through cryptographic signatures, and the policy attaches to that proof.
This lets individuals and institutions purchase coverage for digital assets held across different custody arrangements, whether that’s a hardware wallet, a self-custody software wallet, or assets held with a third-party custodian.
