Space rates to ‘remain strong’ for 2021: Elseco
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Space rates to ‘remain strong’ for 2021: Elseco

Anna Sagar
16 March 2021
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Satellite orbiting Earth
GPS or Weather Satellite orbiting Earth. CG image. | slavemotion/Getty Images/iStockphoto

Space insurance rates should “remain strong” for the coming year, but insurers are divided about entering the class, according to Elseco CEO Laurent Lemaire.

Lemaire said that because the space insurance sector suffered from overcapacity, ratings had been depressed in the past.

However, capacity has retrenched in the sector following back-to-back loss-making years, with Swiss Re and AIG exiting the market and a reduction...

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