In a strategic move to solidify its position at the forefront of the rapidly expanding space economy, Relm Insurance has announced the appointment of Dr. Francesca Faedi as a Senior Advisor. A leading figure in the aerospace industry, Dr. Faedi brings a wealth of expertise that will enhance Relm’s ability to offer specialised insurance solutions to meet the unique demands of this burgeoning sector.
Relm Insurance, a Bermuda-based speciality insurance carrier, has been a pioneer in supporting innovative and high-growth industries since its inception in 2019. As the space economy evolves, projections estimate it will reach a staggering $1.8 trillion by 2035. Relm is committed to providing tailored insurance products that address the complexities of this sector. Dr. Faedi’s appointment is a testament to this commitment, ensuring that Relm remains a leader in delivering cutting-edge insurance solutions.
Dr. Faedi’s extensive background includes her current roles as Director of Orbital Innovation Ltd. and Lecturer on the Space Economy at the University of Leicester. Her academic and professional experience, particularly in commercial and innovation activities at Space Park Leicester, positions her as a key player in driving the space economy forward. Her collaboration with Relm’s Product Innovation & Emerging Risk team will be instrumental in developing insurance products that not only address current market needs but also anticipate future challenges and opportunities within the space economy.
Joseph Ziolkowski, CEO and Founder of Relm Insurance expressed his enthusiasm about the collaboration, stating, “As investment in transformational technology and infrastructure within the space economy accelerates, we are working closely with our broker network, sector experts, and insureds to develop innovative and aligned insurance solutions to support this growth. Francesca’s invaluable domain expertise will enhance our ability to deliver cutting-edge insurance solutions and help build resilience within the space economy.”
Dr. Claire Davey, head of Relm’s Product Innovation & Emerging Risk team, emphasised the transformative potential of the space economy, noting that reduced launch costs and increased accessibility have opened the sector to a broader range of investments, from medical manufacturing techniques to asteroid mining. With Dr. Faedi on board, Relm is well-positioned to support these new ventures and mitigate the associated risks.
Dr. Faedi herself expressed her excitement about joining Relm, stating, “My expertise and market presence within the sector will enable them to rethink how the insurance industry addresses the risks and opportunities within the space economy.” Relm’s strategic focus on the space economy, combined with Dr. Faedi’s expertise, underscores the company’s commitment to driving innovation and resilience in this emerging sector. As the space economy continues to expand, Relm is poised to lead the way in providing the necessary insurance solutions to support its growth.
