The satellite launch insurance sector represents about $500 million (€429.9m) in annual premiums, according to insurers Marsh. But despite the massive increase in satellite launches over the past few years the number of launches covered by insurance is down significantly. From a peak in 2020-2021 when about 60 percent of all launches were covered with […]

Satellite operator SES launched the first four of its important O3b mPOWER satellites back in December 2022. The satellites, built by Boeing, suffered problems in use which resulted in SES making an insurance claim for $472 million (€436.9m). The problems were said to be electrical and, in October 2023, SES said they were worse than […]

Sky Media has announced a partnership with car insurance provider, Marshmallow, specifically designed for people who have moved to the UK. The collaboration, which was planned and bought by Miroma Group’s Wake the Bear, will see Marshmallow sponsor Utsav Plus, GEO TV ARY Digital TV channels. Marking its TV sponsorship debut, Marshmallow’s campaign aims to […]

2023 was not a stellar year for the space insurance market. The second half of the year saw losses totalling $826 million (€764.9m) according to analysts and the year’s total claimed losses will be around $1.2 – $1.3 billion. More than 85 per cent of those losses, including those from Viasat-3 and Inmarsat 6-F2, stemmed […]