American International Group (AIG) has seelcted Castor Aerospace as its new distribution channel for space-related insurance solutions including traditional satellite launch and in-orbit coverages.
Satellite operators, manufacturers, launch service providers, owners, end-users & financiers can access comprehensive insurance solutions and coverages through the channel.
Designed to provide clients with access to the necessary coverage options, the new distribution channel will also address the needs of growing space-related exposures for its clients.
AIG US and Canada aerospace division executive Jeff Moitozo said, "This new distribution channel for space-related risks allows us to expand our aerospace product suite and provide access to comprehensive space insurance solutions that meet our clients' needs."
Headquartered in New York, AIG is a global provider of property-casualty, life and retirement, and general insurance solutions to customers in more than 130 countries.
