SPACE
SUBCLASSES
- Launch Vehicle Flight Only (LVFO)
- Launch + 1
- In-Orbit
- Assembly, Integration and Testing (AIT)
TARGET CLIENT
- Satellite Owners, Manufacturers and other Insurance
Companies on a Facultative basis
APPETITE
LVFO
- GEO and LEO satellites
- Predominantly Ariane and Falcon launches – others will be
considered selectively - Tried and tested products – caution regarding next gen
technology
Launch +1
- GEO satellites
- Preference for Ariane and Falcon launch vehicles but not
limited to– others will be considered selectively - Preference for established manufacturers but not limited to
these – others will be considered selectively - Tried and tested products – caution regarding next gen
technology
Im Orbit
- Healthy and young satellites in Year 2 onwards of orbit
- Preference for established manufacturers but not limited to
these – others will be considered selectively - Caution regarding prototypical satellites/features
- GEO only
AIT
- Top Quality manufacturers
- Healthy deductibles and preference for excess attachment
points - Off Risk at Intentional Ignition
- Can offer War & Terrorism cover stand-alone or as part of
the package
Underwriting maintained in-house – no appetite for
binders/lineslips
COVER
- LVFO – Reimburse Insured in the event of a total loss,
constructive total loss and/or partial loss as a result of
loss/damage/failure of satellite from Launch (intentional
ignition) to Separation of the Satellite from the launch
vehicle - Launch + 1 – Launch Risk as above but including 12
months of in-orbit coverage - In-Orbit – Reimburse Insured in event of a total loss,
constructive total loss caused by loss of, damage to or
failure of the Payload (eg satellite) taking place between
attachment of risk and termination of risk whilst in orbit - AIT – Reimburse the Insured in the event of Physical
Loss or Damage from manufacturer’s warehouse to
launch site.
On an Insurance and Facultative Reinsurance basis
CAPABILITIES
- Normal Max Line Size – USD 50m Ariane launches and
USD 30m Falcon - Normal Max Tenor – 3 years maximum for LVFO and L
+ 1 but 12 month annually renewing policies for Orbit