Insight and Intelligence on the Global Facultative Markets

19 May 2012

Space insurers hit with EUR225mn loss

1 November 2010

The loss of Eutelsat's W3B satellite is likely to cost the space insurance market at least EUR225mn, Inside FAC understands.

The five-tonne satellite was lost following an anomaly which was detected on the space craft's propulsion subsystem after its launch by an Ariane 5 rocket, according to a company statement. The anomaly was most likely a significant propellant leak according to reports.

"The loss of W3B is a disappointment for Eutelsat and for our customers," said Michel de Rosen, CEO...

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