WTW Acquires Redefind to Enhance Crypto Asset Recovery Services
- WTW has acquired crypto insurance platform Redefind, focusing on digital asset protection.
- The new service covers forensic investigations, asset tracing, and legal recovery costs after theft or loss.
- Redefind’s system uses cryptographic proof of ownership to verify insured assets across various custody arrangements.
- The service will initially launch in the United Kingdom, with plans for broader expansion.
- WTW aims to expand its offerings in digital finance and cryptocurrency markets through this acquisition.
This acquisition reflects a growing trend among global insurers to integrate cryptocurrency-related products into their services, as seen with other companies expanding into Bitcoin-linked financial products and payment systems.
With the launch of this non-custodial insurance product, WTW is positioning itself to address the needs of digital asset owners facing recovery challenges post-theft or loss. (Source)
