Launch Vehicle Flight

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The number of orbital launches continues to increase in response to increasing data demands. Investment in smallsat development rockets and the global launcher fleet expands to encompass new launch vehicles and payloads and the demand for Launch Vehicle Flight Only (LVFO) insurance grows in tandem.

Nevertheless, launch failures keep occurring and their effect can be devastating to start-ups and established operators alike.

Aesir Space provides comprehensive LVFO to insureds for damage to satellites which occur after intentional ignition of the launch vehicle and up to the point where they separate from the launcher.

Our data-driven underwriting approach means that every LVFO policy is built on high-resolution industry data and built to the specific requirements of the particular vehicle type of satellite. Further, our risk assessment capabilities are based on the latest launch failure statistics.

We provide LVFO cover as a stand-alone cover or as part of a Combined Flight (CF) programme with In-Orbit (IO) insurance.

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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