Eutelsat Receives Largest Launch Insurance Package From Willis Inspace
New York, NY, May 7, 2008 –Willis Inspace, a business division of Willis Group Holdings (NYSE:WSH), has
announced structuring for its client Eutelsat -the third largest satellite operator in the world the
largest launch insurance package ever placed for a satellite operator in the space
This package will provide competitive guaranteed premium rates for all the satellites Eutelsat
will deploy in the next three years. It will also provide flexibility in terms of launch vehicles,
allowing Eutelsat the use of most of the commercially available heavy rockets.
The first satellite launched under this package will be the Hot Bird 9 satellite, which is
currently scheduled for launch onboard an Ariane 5 rocket in the third quarter of 2008.
Xavier Lacombe, Deputy Managing Director of Willis Inspace, said:
“The insurance package structured for Eutelsat is the largest package ever placed for a
satellite operator and Willis Inspace is delighted to have delivered this. We have placed the
cover with more than 20 international space insurers, providing Eutelsat with a long-term,
competitive and flexible scheme.”
Willis Group Holdings Limited is a leading global insurance broker, developing and delivering professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 300 offices in some 100 countries, with a global team of approximately 16,000 Associates serving clients in some 190 countries. Additional information on Willis may be found at www.willis.com.