When the SpaceX rocket exploded on a Florida launchpad Thursday, the first thought that probably came to mind was thank heavens there weren’t any astronauts on board. The second may have been: Who’s going to pay for all this? The …
Hamilton Underwriting Ltd., the managing agency of Lloyd’s Syndicate 3334, and the Lloyd’s operations of Hamilton Insurance Group, announced the appointment of two senior underwriters who will lead the syndicate’s planned product diversification. Stuart Quinlan has been appointed to the …
Space, the ‘final frontier’, is rapidly becoming an extra-terrestrial battleground for corporate espionage and other types of cyber attack as hackers seek to gain commercial advantage from rival networks operating in the $330-billion space economy. At the same time, a …
SpaceX is still homing in on why its Falcon 9 rocket exploded after liftoff last week, unable to resolve conflicting data radioed back to the ground before the explosion, CEO Elon Musk said on Tuesday. “It’s a huge blow to …
A spacecraft for Richard Branson’s Virgin Galactic Ltd. tourism operator crashed during a test flight in California’s Mojave Desert, killing the co-pilot and injuring the pilot. The pilot ejected and suffered “moderate to major injuries,” Kern County Sheriff’s spokesman Ray …
A NASA advisory panel said earlier this year that inadequate funding jeopardized the safety of commercial space cargo shipments, such as the unmanned Orbital Sciences Corp. mission that exploded this week over Virginia. In its annual report released in January, …
American International Group, Inc. (AIG) has appointed Castor Aerospace LLC as its new program administrator for space-related risks. This appointment provides a new distribution channel for satellite operators, manufacturers, launch service providers, owners, end-users & financiers that require access to …
A new partnership formed between Space Florida, the spaceport authority and aerospace development organization for the state, and insurance agency Assure Space is counting on new space insurance capabilities driving more jobs and investments in Florida’s space business. Richard Parker, …
Assure Space, LLC, a new space insurance agency for satellite risks, has partnered with Auster Capital Partners (ACP) and Space Florida for the provision of launch and in-orbit insurance to satellite operators worldwide. Assure Space has agreements with participating insurers …
As images and sound are beamed from the UK to devices all over the world, insurers and reinsurers will play a key role in the transmission of the 2012 Olympic Games that run from July 27 to Aug. 12 in …
