ViviSat Taps Marsh as Insurance Broker, Adviser

by

ViviSat, an ATK and U.S. Space LLC  joint venture that aims to service satellites in orbit, said Sept. 5 that it has hired insurance broker Marsh to advise the Beltsville, Md.-based company as it seeks financing for the Mission Extension Vehicle, an ATK-designed spacecraft that would dock with an orbiting satellite and serve as the propulsion and attitude control systems.

“Our selection of this well-respected, top-tier insurance broker is an important step in the life of the enterprise, as we plan for the production phase of our satellite life extension service,” ViviSat Chief Executive Craig Weston said in a statement. “Marsh’s group of trusted advisors will provide valuable expertise in helping us engage the satellite, launch and underwriting communities to inform them of the low-risk and beneficial nature of our service.”