by David Todd | Jan 7, 2019 | Satellites, Seradata News, Space Insurance
The WorldView-4 commercial imaging satellite has experienced a failure in its control moment gyros (CMGs), which has effectively ended its mission as it preventing the from stably pointing its imaging systems. The failures of the CMGs began earlier in the year and it...
by David Todd | Oct 17, 2018 | Seradata News, Space Insurance
The planned acquisition of insurance broker JLT (Jardine Lloyd Thompson) by industry giant Marsh & McClennan, in a deal valued at US$5.7 billion – a near 30 times multiple of its earnings, has led many to ask what this will mean for space insurance. The deal goes...
by David Todd | Sep 27, 2018 | Space Insurance
The London-based independent specialty Managing General Agent (MGA) Nexus Group completed the acquisition of aerospace focused MGA Altitude Risk Partners from its owners David Godley, Richard Power and Tim Wright and Castel Underwriting Agencies. Godley, Power and...
by David Todd | Apr 25, 2018 | Launches, Satellites, Seradata News, Space Insurance
The Russian space agency and industrial complex, Roscosmos, has declared the Angosat communications satellite a “total loss” for operational and insurance purposes. Roscosmos plans to build a replacement spacecraft for Angola. The satellite ran into...
by David Todd | Mar 20, 2018 | China, Seradata News, Space Insurance, space station
While other analysts have suggested it will last in orbit until April, Seradata’s analysis is that Chinese mini-space station Tiangong 1 is likely to re-enter with debris hitting Earth probably within a week. The space station’s current perigee (low point...
by David Todd | Jan 18, 2018 | Seradata News, Space Insurance
Space insurers initially appeared to have had a good year in 2017, with premium revenues exceeding US$625 million (for both launch and in orbit insurance) and losses of much less than this at circa US$270 million. The worst confirmed loss in dollar terms was the Long...
