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Marsh brokers Beazley’s insurance cover for UKs first rocket launch

Posted On: Nov. 24, 2022 10:35 AM CST

Insurance broker Marsh and McLennan Cos Inc. has placed insurance cover for the U.K.’s first space rocket launch with specialty insurer Beazley PLC, Reinsurance News reported. The rocket launch by U.K.-based Space Forge Ltd. will carry satellites, including the Forgestar-0 prototype space factory. The insurance policy will cover the risk of loss to the Forgestar payload.