Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Space insurance rates rise after string of mishaps

September 16, 2019 Reprints

Dominique Rora, senior space underwriter at Axa XL, said that a spate of recent claims for rocket failures has increased space insurance rates and led to some insurers reconsidering their place in the market, SpaceNews reports. "There is a general market consensus that the premium volume that we are seeing today is about half of what it should be," Mr. Rora said. Reinsurer Swiss Re Ltd. exited the space insurance market in July citing "bad results of recent years and unsustainable premium rates."

Help

Space insurance rates rise after string of mishaps

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources