September 2, 2021 – OneWeb, has signed an insurance agreement for an aggregate insured value of more than $1 billion through Marsh, the world’s leading insurance broker and risk advisor. Marsh arranged a multi-launch insurance programme covering physical loss or damage to the remaining GEN 1 satellites and launch vehicles with a global panel of leading specialist insurers. The insurance programme underpins the next stage in the development of OneWeb’s global communications capabilities. OneWeb has a longstanding relationship with Marsh and this agreement is the next stage in the collaboration between the two companies. The announcement follows the successful completion of OneWeb’s ‘Five to 50’ launch programme that has delivered the satellites required to bring OneWeb services to Canada, the UK, and Northern Europe later this year. OneWeb has secured all funding necessary to take its satellites into commercial service later this year, recently announcing additional funding from Bharti Global as well as Hanwha.