EPISODE · May 30, 2025 · 54 MIN
#106 Sarah Downey & Michael Neff, Lockton - Insuring the Future of Crypto: D&O, Custody, and Coverage
from Alt Funds Network · host Michael Neff, Sarah Downey, Mike Schroeder, Skyler Steinke
Find us online: https://altfunds.io/Email us with topic ideas: [email protected]: https://bit.ly/4afXcanApple Podcast: https://apple.co/4akXAUSYouTube: https://bit.ly/3GE1UBl 👇 Click Below to be a guest on our video podcast: 👇 https://bit.ly/46X7cSQ Connect with Sarah Downey & Michael Neff:Company Website: https://global.lockton.com/us/enLinkedIn: https://www.linkedin.com/in/sarah-katz-downey-74557a3/Youtube: https://www.youtube.com/@LocktonCompanies Timestamps: 00:00 Introduction and Guest Backgrounds01:56 Understanding Insurance Brokers03:22 Types of Insurance for Digital Assets10:45 Challenges in the Crypto Insurance Space13:06 Evolution of the Insurance Market23:34 Claims and Client Education29:16 Shift from Multi-SIGs to MPC in Custody30:02 Evolution of Custody and Insurance31:35 Impact of High-Profile Hacks33:24 Barriers to Entry and Client Needs39:36 Kidnap and Ransom Insurance44:36 Tokenization and Real Estate47:59 DeFi and Smart Contract Insurance49:07 Geographical Considerations in Insurance51:14 Future of Insurance in Crypto52:39 Final Thoughts and Contact Information Disclaimer:Alt Funds Network LLC and its affiliates, episode guests, and the companies they represent do not provide tax, legal or accounting or investment advice. This material has been prepared for informational and educational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal, accounting, and investment professionals before engaging in any transaction or making any financial or legal decision based on your specific situation.
What this episode covers
Background: Sarah Downey, Executive Vice President at Lockton, the world's largest privately held insurance broker. Sarah is an attorney by background and is Lockton's Blockchain & Digital Assets (LEAP) Advisory Leader. Michael Neff is a producer at Lockton and an active member in the crypto/web3 community. Description: In this episode, we host Sarah Downey and Michael Neff from Lockton, the world's largest privately-held insurance broker. They share insights on their careers, the role of insurance brokers in the digital asset space, and the various types of insurance coverage available for companies involved in crypto and digital assets. We discuss the unique challenges and evolving nature of insurance in the industry, including directors and officers liability, cyber insurance, custody-related coverage, and kidnap and ransom insurance. The conversation also covers trends in tokenization, the importance of regulatory clarity, and the evolving relationship between insurance carriers and the crypto ecosystem. Tune in for an informative discussion on protecting digital assets through comprehensive insurance solutions.
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#106 Sarah Downey & Michael Neff, Lockton - Insuring the Future of Crypto: D&O, Custody, and Coverage
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