Technology News

AIG Announces Administrator For Space-Related Risks

Tuesday, April 09, 2013 5:17:00 AM PDT | VentureDeal

   New York, New York  --  Insurance provider AIG said that it has appointed Castor Aerospace to administer its program for space-related risks.

This channel will focus on providing risk insurance for satellite operators, manufacturers, owners, launch service providers, end-users and financiers.

AIG cited the rapid growth of the space industry as the reason for the expansion of its aerospace product suite.

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