Howden & Lawrence Stephens launch new crypto theft insurance and recovery coverage

Howden, the global insurance and reinsurance broking group, has partnered with specialist law firm Lawrence Stephens to launch the “first-of-its-kind” crypto theft insurance solution, which is combined with expert legal asset recovery services.

The pair aim to provide clients with a comprehensive and credible response to digital asset theft. The new solution not only provides insurance coverage but also a fully integrated approach that includes legal expertise, access to leading crypto vendors, and forensic recovery capabilities.

This launch marks a significant step forward in institutionalising crypto asset protection, offering clients a credible, structured, and responsive solution in an increasingly complex digital landscape.

Some of the key features of this coverage include specialist legal support from Lawrence Stephens to initiate asset freezing and recovery proceedings and insurance coverage that includes partial reimbursement of legal recovery costs when engaging Lawrence Stephens.

Lastly, the coverage offers clients access to a trusted network of crypto vendors and forensic experts to trace and recover stolen assets.

Freddie Palmer, Head of Digital Assets and Blockchain, Howden, commented, “At Howden, we believe in delivering solutions that go beyond traditional insurance. By partnering with Lawrence Stephens, we’re empowering our clients with a seamless, end-to-end service that combines technical insurance advice, legal recourse, and access to the broader crypto ecosystem. It’s a powerful response to one of the industry’s most urgent challenges.”

Matt Green, Head of Blockchain, Digital Assets and Technology Disputes, Lawrence Stephens, added, “We’re delighted to offer our legal expertise to the insurance market through this collaboration with Howden. After all, the legal process began helping an insurer reclaim payment following a ransomware attack.”

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