XL Catlin has announced the launch of a new seamless space insurance product for satellite owners, manufacturers and launch providers. The policy covers all satellite and launch-vehicle physical damage exposures from pre-launch to launch activities through the deployment of the spacecraft in orbit.
“We have developed this coverage based on our review and monitoring of the space industry, as well as on feedback from clients and brokers,” said Chris Kundstadter, XL Catlin’s global head of space insurance. “With the proliferation of new, small satellites and launch vehicles, a single, standardised product will provide easy access to insurance throughout the development and deployment lifecycle of satellites and launch vehicles.”
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.