As the end of the day drew closer at the 2025 Farnborough International Space Show (FISS), the main stage became, briefly, a place for meditation. The unlikely practitioner was self-described “Insurance Guru” Charles Vermont, the Chair of ‘The 695th Lord Mayor of...
Although the 2024 calendar year proved to be a highly profitable one for space insurers, the industry continued to reel from a revised US$1.3 billion net loss for 2023. Of the losses in 2023, most were relatively small sub-US$30 million claims. It was a series of...
A communications satellite in Intelsat’s Epic fleet created debris in space after it suffered an explosion in geostationary orbit at 0430 GMT on 19 October. Update on 29 October: Initial reports estimated that the event created 20 pieces of debris, but it was later...
A US$175 million insurance claim has been filed for the ‘total loss’ of the SkyTerra-1 communications satellite, after its 22 m diameter main mesh antenna developed a fault, Seradata understands. No details have been released by its owner, Ligado Networks (formerly...
SES is formally filing an insurance claim for all four of the O3b mPOWER communications satellites that it originally launched. The claim could run to US$472 million – a figure that would make it the biggest net insurance loss to date, according to Seradata’s...
Space insurers are still licking their wounds after what has been the worst year in over two decades in terms of claims, with a total of close to US$1 billion for the industry. In the early part of the year there were few insurance losses and, although they received a...
