Howden, a global insurance broker, has teamed up with the law firm Lawrence Stephens to offer the first-ever insurance for stolen cryptocurrency. This new idea combines insurance with legal asset recovery services to meet the rising demand for safety in the unstable bitcoin industry.
This agreement, which was announced on July 7, 2025, promises to change the way digital asset holders are protected by providing a whole range of services to reduce the dangers of crypto theft.
Hacks and theft have created significant challenges for the cryptocurrency industry, making it more difficult for people to use digital assets. A Reuters report from 2018 said that Bitcoin exchanges in Asia had trouble getting insurance, which made it harder for big fund managers to invest.
Howden’s new proposal fills this gap by giving investors a safety net. Freddie Palmer, who is in charge of digital assets and blockchain at Howden, said that the company is dedicated to providing solutions that go beyond traditional insurance to give crypto investors peace of mind in a digital world that is constantly changing.
Working with Lawrence Stephens, a law firm that specialises in digital assets, makes the proposal better by adding legal recovery services. This two-pronged approach ensures policyholders receive financial reimbursement and legal assistance to recover their stolen property.
The fact that a law firm is involved gives the solution more legitimacy and experience, which makes it especially appealing to institutional investors and wealthy individuals who are new to the crypto space.
This pioneering solution offers several key features that position Howden’s offering as a trailblazer in the insurance industry, aligning with the growing regulatory focus on digital assets in the UK. These features include:
The debut comes at a time when the UK is making its rules for cryptocurrencies stronger. The UK government put up a draft law on April 29, 2025, to regulate cryptoassets. This was a hint that cryptoassets were becoming more accepted by the general public.
Howden’s idea could speed up this trend by giving wary investors the security they need to invest. The proposal sets a new norm for risk management in the digital asset market by looking at both the financial and legal sides of crypto theft.
Howden’s relationship with Lawrence Stephens is a big deal for the cryptocurrency business. This is the first solution of its kind that combines insurance with legal recovery to give digital asset holders strong protection.
As the crypto market grows, these kinds of new ideas could lead to more institutional involvement and wider adoption. Howden could be a pioneer in the changing world of digital finance.
