JLT Aerospace, has been appointed by ARABSAT to work alongside Marsh in developing a bespoke insurance package for a multi-satellite launch programme.
ARABSAT was set up in 1976 by member states of the Arab League and has since become a leading satellite service provider to the Arab world, currently ranking among the top ten operators globally.
Commenting on the deal, JLT’s global head of space, Peter Elson, says: “This is a fantastic opportunity and a tremendous coup for JLT Aerospace.”
The first launch in the programme, which is scheduled for next year, involves a satellite manufactured by EADS and Thales on board an Ariane launch vehicle.
Assuming all goes well the satellite will take up a geostationary orbital slot 36,000 kilometres above the equator.