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...
Sirius-XM Radio announced on 27 January that its SXM-7 satellite, which was launched by a Falcon 9 rocket on 13 December 2021, had suffered a major failure on its payload. Seradata understands that a failure during in-orbit testing resulted in the loss one of the...
In what could be billed as the biggest news for the space insurance market since Swiss Re left in 2019, US insurance giant AIG (American International Group) has decided to leave the space insurance class. The firm currently provides about US$40 million of...
The Russian Satellite Communications Company (RSCC) has confirmed that it has turned off the Ka-band payload of the communications satellite Express AM-6 and transferred its clients to other satellites. The announcement also confirmed that the underlying cause was a...
Having had a launch setback with its new Long March 7A (CZ-7A) rocket in March, it looked unlikely that China would have another launch failure so soon. And yet, on 9 April 2020, an improved version of its venerable Long March 3B-G2 launch vehicle failed while...
On 9 March it was announced that Aon the World’s second largest insurance broker in the world would by Willis Towers Watson, the third largest broking firm. The deal, which is subject to regulatory approval involves all-stock US$30 billion purchase of Willis...
