XL Catlin Launches New Seamless Space Insurance
XL Fleet Corp. Class A (XL)
Last xl fleet corp. class a earnings: 7/31 04:30 pm
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US:NYSE Investor Relations:
xlgroup.com/xl-investor-relations
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Source: PR Newswire
NEW YORK, Sept. 6, 2018 /PRNewswire/ -- XL Catlin today announced the launch of a new seamless space insurance coverage for satellite owners, manufacturers and launch providers. The new single policy covers all satellite and launch vehicle physical damage exposures from pre-launch to launch activities through deployment of the spacecraft in orbit.Chris Kunstadter, Global Head of Space Insurance said: "We have developed this coverage based on our review and monitoring of the space industry as well as on feedback from clients and brokers. With the proliferation of new, small satellites and launch vehicles, a single, standardized product will provide easy access to insurance throughout the development and deployment lifecycle of satellites and launch vehicles."According to the United Nations Office for Outer Space Affairs (UNOOSA), there are 4,857 satellites currently orbiting the planet; an increase of 4.79% compared to last year. 2017 was a record-breaking year for satellite launches w
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