Howden and Lawrence Stephens launch groundbreaking crypto theft insurance and recovery solution

London, 7 July 2025 – Howden has partnered with specialist law firm Lawrence Stephens to launch a first-of-its-kind solution for the cryptocurrency sector. This innovative offering combines robust crypto theft insurance with expert legal asset recovery services, providing clients a comprehensive and credible response to digital asset theft.

The new solution delivers more than just insurance - it provides clients with a fully integrated approach that includes legal expertise, access to leading 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.”

Key features of the offering include:

• Specialist legal support from Lawrence Stephens to initiate asset freezing and recovery proceedings.
• Insurance coverage that includes partial reimbursement of legal recovery costs when engaging Lawrence Stephens.
• Access to a trusted network of crypto vendors and forensic experts to trace and recover stolen assets.

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

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. 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.