While the US$5.6 billion proposed take over JLT (Jardin Lloyd Thompson) by the US-based broker Marsh & McClennan is set to be completed this spring, its aerospace division is going elsewhere. To assuage EU regulatory concern over competition specifically about the...
The WorldView-4 commercial imaging satellite has experienced a failure in its control moment gyros (CMGs), which has effectively ended its mission as it prevented the spacecraft from stably pointing its imaging systems. The failures of the CMGs began earlier in the...
The planned acquisition of insurance broker JLT (Jardine Lloyd Thompson) by industry giant Marsh & McClennan, in a deal valued at US$5.7 billion – a near 30 times multiple of its earnings, has led many to ask what this will mean for space insurance. The deal goes...
The London-based independent specialty Managing General Agent (MGA) Nexus Group completed the acquisition of aerospace focused MGA Altitude Risk Partners from its owners David Godley, Richard Power and Tim Wright and Castel Underwriting Agencies. Godley, Power and...
The Russian space agency and industrial complex, Roscosmos, has declared the Angosat communications satellite a “total loss” for operational and insurance purposes. Roscosmos plans to build a replacement spacecraft for Angola. The satellite ran into...
While other analysts have suggested it will last in orbit until April, Seradata’s analysis is that Chinese mini-space station Tiangong 1 is likely to re-enter with debris hitting Earth probably within a week. The space station’s current perigee (low point...
