Despite improved profitability in the space insurance market after a series of losing or flat years, several long-time space insurers are reported to be heading for the exit. Seradata understands that the Munich-headquartered underwriting firm Allianz has decided to...
The Russian government’s official policy on its invasion of Ukraine – and its lack of success – seems to be “Don’t mention the War!”. Yet despite media restrictions most of Russia’s public realises that something is going on. Most obviously, Western commercial...
Space Insurance Year 2021 was a profitable one when net losses are compared with premium revenue. According to the Seradata SpaceTrak database, the industry’s projected total losses (some of the claims have yet to be agreed) for the calendar year are circa US$360...
OneWeb, the low Earth orbit (LEO) satellite communications company part-owned by the UK Government, has signed an agreement to insure its GEN 1 (Generation 1) constellation’s remaining launches up to an aggregate value of more than US$1 billion. The insurance...
Peter B. De Selding of Space Intel Report has reported that the Measat-3 satellite looks to be in trouble. Read here. The operator of the satellite MEASAT Global Berhad released a press release on 26 June stating that they had observed an anomaly on 21 June but, that...
Insurance broker Arthur J Gallagher & Co is once again set to be a beneficiary of another firm’s mega takeover. In a re-run of its successful 2019 acquisition of part of JLT speciality – with the main deal going to Marsh – Gallagher has struck a US$3.57 billion...
