Article ID: 4ddc4efa36cbed42946af584d22badcde21208d12b9da4d14393f51172962003
Source ID: secondary:insurancetimes.co.uk
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’As digital assets continue to move further into the mainstream, demand for credible regulated protection solutions is increasing,’ says head WTW has acquired Redefind to strengthen its digital asset protection offering. Redefind is an end-to-end web-based platform, designed to facilitate access to insurance products for crypto and digital assets. Through the deal, WTW will launch a non-custodial, cost-of-recovery insurance proposition, intended to support digital asset owners in the event of theft or loss. The service will initially launch in the UK, with broader market and product expansion planned as capabilities continue to evolve. Alastair Swift, head of global specialities at WTW-owned Willis, 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. “We are committed to supporting clients in navigating emerging financial and technology risks and to delivering trusted, regulated solutions backed by our global insurance expertise.” ’Important milestone’ As part of the acquisition, Redefind’s founders, Richard Daws and Connor Edward, have joined Willis. Read: WTW promotes for leader of new P&C business Read: WTW to offer Radar platform access through software firm Databricks Explore more M&A-related content here, or discover other news stories here Anthony Borgman, head of GB affinity at Willis, said: “We are delighted to have acquired Redefind and welcome its founders to WTW. Under Daws’ stewardship the business will continue to evolve with support from WTW’s Affinity practice and for wider distribution. “This marks an important milestone in WTW’s broader digital strategy, providing a foundation to expand our capabilities in digital asset protection and crypto insurance.” His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism. He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile No comments yet
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