Lloyd's consortium targets space startups with all-in-one satellite cover
A consortium of 18 Lloyd’s syndicates has announced a $25m-capacity-per-risk space insurance product that seeks to capitalise on a predicted tripling of the size of global space market by 2040.
Led by Brit and Hiscox MGA, Llift Space will cover satellites weighing under 300kg from before they are launched right through to when they are in orbit under a single policy.
It is primarily
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