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Proton M has third stage launch failure losing insured Express AM-4R comsat (Updated)

by David Todd | May 15, 2014 | commercial launch services, Russia, Satellites, Space Insurance

The Proton M launch vehicle has had yet another launch failure.  The Russian government launch which occurred from the Baikonur Cosmodrome near Tyuratam, Kazakhstan at 2142 GMT on 15 May 2014  failed to launch the Express 4R communications satellite after a suspected...

Amazonas 4A suffers power systems fault – major insurance loss is likely

by David Todd | Apr 15, 2014 | Satellites, Space Insurance

The commercial communications satellite Amazonas 4A  (aka Hispasat 4A)has had a fault with its power system. The spacecraft which was launched on 22 March 2014 on behalf of the satellite operator Hispasat, uses a Star 2.4 bus design built by Orbital Sciences...

UK’s Chancellor of the Exchequer to remove Insurance Premium Tax from Space risks (Corrected)

by David Todd | Mar 26, 2014 | Satellites, Seradata News, Space Insurance

While improvements to pension freedoms, measures to encourage saving, and the potential for extra-judicial tax raids on bank accounts, stole the headlines about the recent UK Budget presented by UK Chancellor of the Exchequer, the Rt Hon George Osborne MP, a...

Insurance market moves: elseco moves into Energy with appointment of Russell Tong

by David Todd | Feb 12, 2014 | Space Insurance

While more famous for its space and aviation classes of insurance underwriting and for organising the World Space Risk Forum conference which is run biennially, the Dubai-based insurance agency, elseco, has appointed Russell Tong as its new Energy Underwriter.  The...

Insurance market moves: Tim Wright to head up space operation at new insurance agency Altitude Risk Partners

by David Todd | Feb 5, 2014 | Seradata News, Space Insurance

Noted space underwriter, Tim Wright, has moved from Global Aerospace Underwriting Managers Ltd to become a founding partner of Altitude Risk Partners LLC, a new insurance agency and provider covering the aerospace market.   Tim Wright will head up the space operation...

Insurance market moves: Denis Bensoussan moves to Beazley to set up its space insurance operation

by David Todd | Feb 5, 2014 | Space Insurance

Having previously ventured into aviation insurance, specialist insurer Beazley has appointed Denis Bensoussan to start a satellite insurance underwriting capability within the firm.  Denis Bensoussan comes to the firm from being Space Underwriter at the Lloyds...
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