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...
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...
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...
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...
According to the Seradata SpaceTrak database – the industry standard for the logging of spacecraft launch and orbital events – there were 91 launch attempts to orbit during 2017 – up from 85 in 2016. The standout figure of 2017 was the record number of satellites...
A Soyuz 2-1B Fregat launched from the new Vostochny site in Far Eastern Russia, at 0541 GMT on 28 November, ended in total failure when its fourth stage, the Fregat upper stage, was apparently sent in the wrong direction during its first firing. Interfax reports that...
