In-Orbit

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In-Orbit failures, whether due to technical faults, human error or the constantly evolving space environment are a constant risk factor.

Our In-Orbit (IO) insurance provides protection in the event of a loss of performance of a satellite in orbit. The coverage responds in situations including the failure or degradation of on-board equipment, loss of fuel, damage caused by operational error or collisions with foreign objects etc. The policies reflect our technical knowledge of the various applications involved and the associated risks.

In-Orbit cover applies after the satellite has separated from its launch vehicle and ends at the end of nominal life. In instances where sufficient data is available, we can provide policies for spacecraft operated past their design lifetime.

Our IO cover is often packaged with Launch Vehicle Flight Only (LVFO) insurance into a Combined Flight (CF) programme.

Aesir Space Lines of Business

The Aesir Space Team

Morten Pahle

Managing Director

Aesir Space

Biography

Morten Pahle

Managing Director

Aesir Space

Morten has over 20 years of risk management experience in the space industry and over 15 years in the insurance market. His technical knowledge gives Aesir Space a unique perspective on the space insurance market.

During his underwriting career, he was Founder and Managing Director of ViVet Limited, an MGA focused on space, aviation and energy. He was also UK Branch Manager at Glacier Insurance (now Starstone Insurance) and a Space Underwriter at Assicurazioni Generali.

His risk management credentials stem from his work as Group Risk & Insurance Manager at EADS Astrium Satellites (now Airbus Defence and Space) starting his career as a Reliability engineer on LEO meteorological satellites.

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Anastasia Balina

Underwriter

Aesir Space

Biography

Anastasia Balina

Underwriter

Aesir Space

Anastasia has over 15 years of experience in Space and Aviation (Re)Insurance. Her extensive experience as a broker gives her understanding of insureds’ needs and an ability to define suitable insurance coverage solutions for a broad spectrum of risks.

In her last role as Divisional Director for Space at United Insurance Brokers, Anastasia was responsible for placing reinsurance for CIS clients including Roscosmos and Russian aerospace manufacturers, including not just launch and in-orbit but also AIT, pre-launch and third party liabilities.

Making good use of her MBA and drawing on her network and multicultural background, she strengthens and broadens Aesir Space’s diversified and structured underwriting approach.

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