Inmarsat Extends Space Insurance Brokerage Contract With Willis
LONDON, Dec. 2, 2013 (GLOBE NEWSWIRE) -- Willis Group Holdings (NYSE:WSH), the
global risk adviser, insurance and reinsurance broker, is pleased to announce
that Inmarsat has extended the exclusive appointment of Willis's Inspace team
to act as its space risk management adviser and placing broker. This
encompasses Inmarsat's entire in orbit satellite fleet as well as its future
The extension of the appointment reflects Willis's excellent performance in
delivering risk management and insurance services for the Global Xpress
satellites and Inmarsat's innovative Alphasat satellite.
Commenting on Inmarsat's decision, Roger Bathurst, CEO of Willis Inspace,
said: "Winning the original bid to be Inmarsat's exclusive space risk
management adviser and insurance broker was an enormous honour and a great
thrill. To have our performance endorsed by this contract extension is clear
proof that Willis Inspace delivers exceptional service and value and is
ideally qualified to partner with the world's foremost satellite companies."
Nick Palmer, Inmarsat's Head of Risk Management, added: "Willis Inspace has
done an excellent job for Inmarsat since their appointment in 2011 and we look
forward to continuing the relationship as our satellite constellation
Willis Group Holdings plc is a leading global risk adviser, insurance and
reinsurance broker. With roots dating to 1828, Willis operates today on every
continent with more than 17,500 employees in over 400 offices. Willis offers
its clients superior expertise, teamwork, innovation and market-leading
products and professional services in risk management and transfer. Our
experts rank among the world's leading authorities on analytics, modelling and
mitigation strategies at the intersection of global commerce and extreme
events. Find more information at our website, www.willis.com, our leadership
journal, Resilience, or our up-to-the-minute blog on breaking news,
WillisWire. Across geographies, industries and specialisms, Willis provides
its local and multinational clients with resilience for a risky world.
Inmarsat plc is the leading provider of global mobile satellite communications
services. Since 1979, Inmarsat has been providing reliable voice and
high-speed data communications to governments, enterprises and other
organizations, with a range of services that can be used on land, at sea or in
the air. Inmarsat employs around 1,600 staff in more than 60 locations around
the world, with a presence in the major ports and centres of commerce on every
continent. Inmarsat is listed on the London Stock Exchange (LSE:ISAT).
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