Space

As a leading insurer of satellites and launch vehicles since the formation of the space insurance market more than 25 years ago, the Space Department has the wealth of knowledge, experience and expertise to offer clients tailor made space risk covers matched specifically to their requirements.

We provide direct coverage for all aspects of space risks worldwide, including launch, satellite commissioning and in-orbit operation. The Company insures all commercial launch vehicles and satellites, from large geostationary communication satellites to small low earth orbit satellites for navigation, weather, imaging or scientific missions. Launch insurance coverage includes loss or damage during the launch phase, maneuvering the satellite into its final orbital position and comprehensively testing its performance, while on-orbit insurance coverage includes all risks to a satellite during its operational phase. Policies can cover asset value, loss of revenue, service interruption and extra expenses - and are always tailored exclusively for each risk to accommodate the specific technical aspects of each satellite.

The dedicated Space team includes both "rocket scientists" and commercially focused insurance experts allowing it to deliver practical, workable insurance solutions - particularly in the area of loss criteria development and policy wording. We also have a number of additional unique strengths. Based in Washington, DC, it is unaffected by ITAR regulations which can restrict the timely flow of technical information and inhibit informed decision making. As a single dedicated team PartnerRe clients can be confident that the people developing the cover and agreeing the policy wording will be the same people handling claims - thus ensuring straightforward and timely claim payments, regardless of the complexity of the anomaly causing the loss.