Space
Specialty
XL Catlin offers a unique and comprehensive suite of insurance products for space operations, including launch, in-orbit, and associated coverages for satellites, launch vehicles, and other space payloads. Coverage extends to traditional and specialized aerospace, telecommunications, and earth observation organizations, and related businesses.

Product details

Capacity

Up to USD 45 million any one risk (increased limits available for dual launches)

Coverage

Space:

XL Catlin is a leading insurer of the space industry. Our clients include satellite owners, manufacturers, and users; launch providers; and telecommunications and earth observation organizations. We also support development of unique missions, payloads and capabilities from new, entrepreneurial space organizations. We work closely with our clients to develop innovative, specialized products covering all types of satellites, launch vehicles, and other space payloads, through development, launch, and in orbit. 

We offer:
- Launch coverage for physical damage to the satellites and/or launch vehicles, including extra expenses, from ignition through spacecraft separation in orbit
- Post-separation coverage for satellites through initial operations, deployments, orbit raising, and testing
- In-orbit coverage for on-going operations of satellites through their design life
- Coverage for transponder users, including loss of revenue and extra expense reimbursement, for transponders lost while in use on an operating satellite
- Coverage for satellite manufacturers for loss of incentive and warranty payments due to satellite anomalies
- Launch risk guarantee coverage for launch vehicle operators, due to launch vehicle malfunction
- Specialized microsatellite coverage for unique missions
- Single satellite and multi-satellite policies
- Combined pre-launch, launch, and in-orbit policies

Client Profiles

– Telecommunications organizations
– Earth observation organizations
– Spacecraft owners and operators
– Transponder users
– Spacecraft manufacturers
– Launch vehicle manufacturers
– Launch service providers
– Universities and not-for-profit organizations engaged in space exploration

Typical Information Required

– Technical, financial and contractual information on all equipment and operations
– Loss history

Benefits & Services

XL Catlin provides a unique suite of insurance products for space-related activities, with specialization in:

– small spacecraft and launch vehicles,
– unique mission designs,
– new technologies,
– salvage opportunities
– launch delay coverages

This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda, Brazil, Canada, China, Mexico, Switzerland, or written by XL Insurance Company SE are only available through non US-based brokers. The Insurance companies of XL Group Ltd are: Catlin Insurance Company, Inc., Catlin Indemnity Company, Catlin Specialty Insurance Company, Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Bermuda Ltd, XL Insurance Company SE, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Seguros Brasil S.A. and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #2003 are managed by Catlin Underwriting Agencies Limited and supported by XL Catlin corporate capital. Additional important information regarding our business is provided on our Legal Notices page.

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