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Technical Report: Aviation and space - Satellite insurance exits black hole.
(From Reinsurance)
Byline: Marc Jones.
At some point in the distant future our sun will expand massively and then shrink to a fraction of its former size. Companies in the satellite insurance market can be forgiven for thinking that they already know what that feels like.
During the mid 1990s the market went through the soft part of the insurance cycle, with a large number of insurers chasing a small amount of business.
Rates were low and terms were generous as companies tried to compete.
Rick Hauck, a former astronaut who is now president and chief executive of Axa Space, says: "1995 was a very profitable year for the ...
- Falling stars: a string of launch failures has brought the high-flying...
- Magazine article from: Best's Review Panko, Ron July 1, 2008 700+ words
...added to anxiety in the satellite insurance industry, which was already shaken...profitable years in the satellite insurance industry. Incurred losses in 2007...30%. Sky-High Risks Satellite insurance is a high-risk business...
- Satellite Insurance: Market Stabilizes After Tough Stretch.
- Magazine article from: Via Satellite June 1, 2006 700+ words
...service operators to abandon satellite insurance providers and rely more...may not rush back to the insurance industry. The large fleet operators...stability of the space insurance industry," says Dee Vallaras...financial performance of the insurance industry signifies ...
- Satellite Insurance: A Facilitator Or Impediment To Doing Business?
- Magazine article from: Via Satellite March 1, 2005 700+ words
...several published reports, satellite insurance premiums are approaching...clearly feel that the insurance industry is overestimating the...catastrophic failure; the insurance industry responds that it is in...valuable point. While satellite insurance calculations are ...
- ACE Limited enters satellite insurance market.
- Newspaper article from: Defense Daily February 16, 1994 700+ words
...customer. Ace Limited said Feb. 14 it would offer dedicated satellite insurance of up to $25 million per launch. By the following day...identify customer number one. "Recently, the worldwide insurance industry has been straining to provide coverage in this class of...
- Allianz to bring satellite insurance solutions to India.
- Newspaper article from: Economic Times (New Delhi, India) March 22, 2006 700+ words
...group sees a huge potential for its speciality line of satellite insurance in India. Allianz is bringing in the expertise through...General Insurance. "This could mean bringing international satellite insurance expertise and capacity right at the doorstep of the Indian...
- U.K. Companies Create New Satellite Insurance Offering.
- Newspaper article from: Satellite Today January 18, 2006 700+ words
Liberty Syndicates, a subsidiary of Liberty Mutual Group, and Sciemus unveiled a new satellite insurance offering intended to save money for "good" satellite operators, the companies announced. The companies plan to differentiate...
- U.K. Companies Create New Satellite Insurance Offering.(Brief Article)
- Newspaper article from: Satellite News January 23, 2006 700+ words
Liberty Syndicates, a subsidiary of Liberty Mutual Group, and Sciemus unveiled a new satellite insurance offering intended to save money for "good" satellite operators, the companies announced. The companies plan to differentiate...
- Producer network sets out to salvage agency values. (Satellite Insurance Agency...
- Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management Mulcahy, Colleen September 13, 1993 700+ words
...million and 1994 volume of $55 million. That's a performance record he expects to replicate nationally via the Satellite Insurance Agency Alliance, an organization he recently unveiled as the offspring of his New Hampshire-based network...
