Support Telecomtalk
Andrew Bonwick
Vice President of Product Development at Relm Insurance
Madhav Sheth
CEO of Ai+ Smartphone
Stephen Rose
CEO Render Networks
OneWeb, the low Earth orbit (LEO) satellite communications company, and Marsh, the world’s leading insurance broker and risk advisor, announced that the launches from US and India are covered as per their existing relationship that will continue through 2023.
- Make Telecom Talk My Trusted Source
-
-
OneWeb’s Agreement with Marsh
Earlier in September 2021, OneWeb signed an agreement for an insured value of more than 1 billion dollars through Marsh, and the existing contract will cover the remaining satellite launches to complete OneWeb’s Gen1 constellation. In addition, the insurance programme between the two partners continues to support the development of OneWeb’s communication capabilities in new and established markets.
Also Read: OneWeb Successfully Deploys 40 Satellites With SpaceX
OneWeb Completes its 16th Launch
Earlier this month, OneWeb completed its 16th launch to date using SpaceX’s Falcon 9 rocket from Florida in the USA, bringing the total constellation to 542 Satellites. The number of satellites marks more than 80 per cent of OneWeb’s Gen1 constellation.
Srikanth Balachandran, OneWeb’s Chief Financial Officer, said: “Marsh has been pivotal in supporting OneWeb’s mission since 2021, and we are proud to collaborate with an insurance broker that shares our global ambitions. As we continue to progress towards activating our coverage across the world in 2023, we will benefit from the security of the insurance programme through Marsh, and the expertise of their teams across UK and India.”
Also Read: OneWeb Signs Paratus as Distribution Partner in 37 African Countries
Chris Lay, Chief Executive, UK & Ireland, Marsh, said: “OneWeb has made tremendous progress in building its Gen1 constellation. The next series of launches will enable the business to activate its coverage solutions globally, and are strategically important to OneWeb’s success.
