Willis Towers Watson Acquires Redefind to Expand Crypto Insurance as Q1 Net Income Rises 27%
WTW•Willis Towers Watson has acquired Redefind, a non-custodial digital asset insurance platform, with co-founders joining the firm post-transaction. In Q1 2026, the company reported a 27% jump in net income to $303m and 8% revenue growth to $2.41bn alongside a 24.4% adjusted EBITDA margin.
1. Acquisition of Redefind
Willis Towers Watson has completed the acquisition of Redefind, a digital asset insurance platform that will operate under WTW's broking and solutions group. Financial terms were not disclosed, and Redefind co-founders Richard Daws and Connor Edward have joined the company.
2. Platform Capabilities
Redefind offers a non-custodial insurance model focused on recovery costs, including forensic investigations, asset tracing and legal fees for digital asset theft. The platform uses cryptographic proof of ownership to insure assets difficult to cover and serves both individual and institutional clients.
3. Strategic Expansion Plans
WTW plans to launch the service in the UK with further product development and international expansion. This move aligns with the company's objective to extend services in cryptocurrency markets, digital finance and tokenised asset ecosystems.
4. Recent Financial Performance
In Q1 2026, WTW's net income increased 27% year-over-year to $303m, revenue grew 8% to $2.41bn and adjusted EBITDA rose to $589m, boosting the margin to 24.4%.
