The combined insurance policy for the rocket and satellite totaled 369 million euros ($415.57 million) and is the largest ever space insurance loss, said David Todd, head of space content at satellite analysis firm Seradata.
Munich Re Among Insurers for Failed Vega Rocket, UAE Satellite
Munich Re is one of the insurers for the European Vega rocket, which failed after take-off on Thursday, destroying a military observation satellite about to be placed in orbit for the United Arab Emirates, a Munich Re spokesman said.
Source: Reuters | Published on July 12, 2019
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