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SpaceX explosion satellite loss to cost insurers $196m

According to a filing on the Tel Aviv Stock Exchange, the insurance claim for the destruction of an Amos 6 satellite, owned by Israel based company Space Communications, will total $196 million, perhaps lower than some of the initial loss estimates.As Artemis wrote just over a week ago, the failure and read the full article →

SpaceX rocket explosion hits one ILS fund in September

Another man-made disaster loss is set to hit the insurance-linked securities (ILS) market, with at least one ILS fund reporting an exposure to the SpaceX rocket launch failure in September, again providing evidence of the sectors expanding scope.The failure and explosion at launch of a SpaceX rocket with its satellite read the full article →