Press Release

Cloud Constellation Corporation appoints Willis Towers Watson inspace division as Exclusive risk advisor and Insurance broker

September 11, 2018
| United Kingdom, United States

LONDON, September 11, 2018 – The space industry specialist division of Willis Towers Watson, the global advisory, broking and solutions company, has been appointed by The Board of Directors of Cloud Constellation Corporation as an exclusive risk advisory and insurance broker to Cloud Constellation Corporation and SpaceBelt™, a patented system of 8 low earth orbit satellites (LEO) for the purpose of offering space-based secure data storage and services.

Under this appointment Willis Towers Watson will provide a full range of consulting services to Cloud Constellation Corporation including: reviewing of all supplier contracts, identifying and managing all project risks, supporting the financing process as well as the insurance services for all lines of business, including but not limited to launch and in-orbit insurance.

Philippe Montpert, Willis Towers Watson Inspace Managing Director, said: "You don’t work on many disruptive and ground breaking projects in your professional lifetime and SpaceBelt™ is without a doubt one of them. We are delighted to have been selected by Cloud Constellation Corporation to advise them during the buildup of the project, to reduce their risks to a minimum and to protect their assets and liabilities.  I look forward to participating in this great venture.”

Mark Quinn, Willis Towers Watson Inspace Global CEO, said: “The management at Cloud Constellation are proven industry innovators and SpaceBelt™ responds to a current need in today’s market.

“Its system architecture is innovative and provides a practical solution in a secure and efficient way.  We have seen the insurance market respond with equal creativity to new projects and we at Willis Towers Watson look forward to delivering this market response to contribute to Cloud Constellation’s success.”    

Cliff Beek, Cloud Constellation CEO & President, said: “SpaceBelt™ aims to transport and store highly sensitive files above the vulnerabilities of terrestrial infrastructure. The patented approach of SpaceBelt™ is innovative, as it uses the industries’ existing geostationary satellites for all earth to space transmission services and in-country compliance with regulatory requirements.

We selected Willis Towers Watson Inspace because of their demonstrated creativity for advising customers with innovative space technologies and their leadership in providing risk management and consulting services to space ventures like ours.”

About Willis Towers Watson

Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 39,000 employees in more than 120 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential.

About Cloud Constellation Corporation

A New Dimension in Cybersecurity. Cloud Constellation Corporation’s SpaceBelt™ Data Security as a Service is a patented, secure space-based global managed network and cloud data storage service that enables the highest level of data security, whether at rest or in motion, for service providers, enterprises and governments around the world. Additional information is available at www.SpaceBelt.com.