WTW Acquires Redefind, Bringing Crypto Insurance Infrastructure to the World's Largest Advisory Broker

WTW (NASDAQ: WTW), one of the world's largest insurance advisory brokers, has acquired Redefind, a UK-based end-to-end web platform that enables individuals and institutions to purchase insurance for cryptocurrency and digital assets across all forms of custody. The acquisition, announced in early June 2026 for undisclosed terms, marks a significant push by a major traditional broker into the rapidly evolving world of digital asset insurance.

Redefind's technology addresses a long-standing problem in the crypto market: how to insure assets that have historically been considered uninsurable. The platform uses cryptographic proof of ownership to verify and underwrite coverage for digital assets. Its coverage model is distinctive — it is non-custodial and based on cost-of-recovery, meaning it covers forensic investigation costs, asset tracing, and legal recovery expenses following digital asset theft or loss, rather than reimbursing the market value of the assets themselves. This approach sidesteps the volatility and valuation challenges that have made traditional crypto coverage difficult to structure.

The acquisition brings Redefind's founders, CEO Richard Daws and Connor Edward, into WTW upon completion. The platform is initially launching in the UK, with broader market and product expansion planned. By embedding Redefind's capabilities, WTW positions itself to serve a growing client base of individuals, institutions, and crypto-native businesses seeking protection for their digital asset holdings.

The deal is underpinned by WTW's strong financial position. The broker reported Q1 2026 net income up 27% year-on-year to $303 million, revenue up 8% to $2.41 billion, and EBITDA of $589 million. The acquisition reflects a broader industry thesis that insurance is increasingly becoming a platform business, absorbing technology and capital from categories — like cryptocurrency — that it has never previously competed in. As digital assets become a more established part of institutional and retail portfolios, the ability to insure them is emerging as a critical piece of market infrastructure.