Howden inks new deal to launch ‘first of its kind’ crypto proposition

Howden has teamed up with law firm Lawrence Stephens to launch a new proposition for the cryptocurrency sector.

The offering, which Howden said is the first of its kind, combines crypto theft insurance with expert legal asset recovery services, providing clients a comprehensive response to digital asset theft.

In addition to insurance, clients will also have access to legal expertise, crypto vendors and forensic recovery capabilities.

“At Howden, we believe in delivering solutions that go beyond traditional insurance,” said Freddie Palmer, head of digital assets and blockchain at Howden.

“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.”

‘Significant step’

Howden added that the launch “marks a significant step forward in institutionalising crypto asset protection”.

“As digital assets become more mainstream, institutional-grade protection is essential to build trust, reduce risk and support the long-term growth of the crypto economy,” the broker said.

Matt Green, head of blockchain, digital assets and technology disputes at 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.”