Marsh Space Insurance

Marsh Space Insurance is a specialist division of Marsh, a global leader in insurance broking and risk management, dedicated to the burgeoning space industry. Founded in 1977, Marsh Space Insurance has established itself as a pioneer in providing risk management advice and customized insurance products specifically tailored to the unique challenges of space activities. Their core business focuses on mitigating financial risk associated with both launch and in-orbit satellite operations.

The company’s expertise centers around understanding and quantifying the complex risks inherent in space endeavors, including launch failures, on-orbit anomalies, and potential liabilities. They develop bespoke insurance solutions to protect satellite operators, launch service providers, and other stakeholders from these financial exposures. While specific technological details aren’t publicly available, their long history suggests a deep understanding of spacecraft systems, launch vehicle performance, and the evolving regulatory landscape of space.

As a first mover in the field, Marsh Space Insurance has supported numerous missions and likely serves a diverse client base including commercial satellite operators, government agencies, and manufacturers. Their longevity within the industry points to a strong track record of claims handling and risk assessment.

Marsh Space Insurance differentiates itself through its decades of experience and specialized focus on the space sector. This allows them to offer a level of expertise and tailored solutions not typically found in general insurance brokers, positioning them as a key partner for organizations navigating the increasingly complex financial risks of space exploration and commercialization.