Global Aerospace Underwriters

Global Aerospace Underwriters is a Parsippany, New Jersey-based specialist insurance company founded in 1969 that is among the world's leading underwriters of space and aviation insurance risks. The company underwrites the complete spectrum of space insurance: pre-launch terrestrial coverage (protecting spacecraft while in the factory and during transport to the launch site), launch and early orbit coverage (the highest-risk phase when most satellite losses historically occur, covering roughly the first 6-12 months of operation), in-orbit life coverage (protecting against on-orbit failures, solar events, and collision risks over the satellite's 15+ year operational life), and third-party liability coverage (protecting launch providers and satellite operators against claims from ground-based or space asset damage caused by their operations). Aviation underwriting covers commercial airline hull/liability, general aviation, and aerospace product liability. Global Aerospace operates through Lloyd's of London syndicates and as a direct insurer, working alongside other major space insurance market participants including Marsh (broker), Aon (broker), Atrium Underwriting, Talbot, and Beazley. The space insurance market covers $3-6B in satellite values annually (premium volumes of $300-600M depending on launch activity and claims history). Major covered assets include geostationary communications satellites (each worth $300M-$500M), government Earth observation satellites, and increasingly, large LEO constellation operators.