Space

Space market set to break even despite loss-heavy 2020

The space insurance market is on course to break even in 2020 despite a series of losses throughout the year.

Satellite market avoids Spaceway 1 loss

Beleaguered underwriters in the niche satellite insurance market look set to avoid losses as a result of difficulties with Spaceway-1, The Insurer understands.

Space market hit by “worst ever” $600mn+ losses in 2019

The space insurance market suffered losses of over $664mn from two total loss events in 2019, making it the second consecutive year that losses outstrip gross written premiums in the market.

Lloyd’s launches $25mn per risk space consortium led by Brit and Hiscox

Lloyd’s has launched a new multi-million-pound space insurance policy targeted at the so-called ‘new space’ sector and backed by a consortium of 18 syndicates led by Brit and Hiscox MGA.

Space writers face $200mn Eutelsat hit; 2019 worst loss ratio for a generation

The niche space underwriting market is facing the prospect of a loss approaching $200mn as a result of the failure of a recently launched Eutelsat satellite, which would bring the loss ratio for the year to a brutal 200 percent, The Insurer understands.

Space market faces $250mn Chinasat loss

The beleaguered space market is facing a possible $250mn loss as a result of post-launch problems with a China Satcom (Chinasat) satellite, The Insurer can reveal.