Willis Towers Watson Expands Digital Finance Footprint With Redefind Acquisition

Strategic Expansion into Digital Asset Insurance

Willis Towers Watson (WTW) has announced the acquisition of Redefind, a specialized digital asset insurance platform. This move marks a significant step for the global broking and solutions firm as it seeks to bolster its capabilities in the rapidly evolving cryptocurrency and tokenized asset sectors. Financial terms of the transaction were not disclosed.

Redefind, which provides insurance products tailored to the digital finance ecosystem, distinguishes itself through a non-custodial model. Rather than focusing on the market value of volatile assets, the platform centers on the costs associated with asset recovery. Its coverage includes expenses related to forensic investigations, asset tracing, and legal recovery proceedings following digital asset theft.

The platform utilizes enterprise-grade technology based on cryptographic proof of ownership, a process designed to make assets that were previously difficult to insure eligible for coverage. These solutions are intended to serve both individual and institutional clients across a variety of custody arrangements. The service is slated for an initial launch in the UK, with plans for further international expansion.

Integrating Expertise

As part of the acquisition, Redefind co-founders Richard Daws and Connor Edward have joined WTW. The integration is expected to support WTW’s broader strategic goal of providing specialized risk transfer solutions for participants in digital finance. Alastair Swift, WTW’s global specialities head, noted that the investment reflects the increasing demand for regulated protection solutions as digital assets gain mainstream adoption.

“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,” said Alastair Swift.

Financial Context

The acquisition follows a period of growth for WTW. In the first quarter of 2026, the company reported a 27% year-on-year increase in net income, reaching $303 million compared to $239 million in the same period of 2025. Revenue for the quarter rose by 8% to $2.41 billion, while adjusted EBITDA climbed to $589 million, representing an adjusted EBITDA margin of 24.4%.

WTW, which traces its corporate roots to 1828, continues to emphasize its role in legacy risk management while pivoting toward modern financial technologies. By absorbing Redefind, the firm positions itself to address the specific insurance challenges inherent in digital asset management and custody, providing a regulated framework for a market segment that remains highly exposed to security and recovery risks.