• Comprehensive, technical space underwriting
  • From testing and pre-launch through launch, in-orbit operations to de-orbit and decommission
  • Cover available on an umbrella or individual risk basis

Aesir Space provides expansive space cover built on technical underwriting foundations. Developing precisely engineered products across the expanding range of space applications, the facility applies commercial, scientific and technical rigour to every policy.

Supported by A + rated capacity and led by one of the most respected and experienced practitioners in the market, Aesir Space specialises in all forms of space insurance from initial testing, manufacture and transit, to launch, de-orbiting and decommissioning.

Working closely with brokers and insureds to develop full-spectrum integrated coverage or risk-specific policies, we are uniquely positioned to build solutions based on a technical understanding of each exposure across the lifespan of the application.

That insight also enables us to look beyond the standard cover to encompass the sector’s continually evolving risk remit as new technologies are introduced, vehicles are developed and the NewSpace arena expands.

Years of discussions with operators, manufacturers and investors in space ventures confirms that insurance, when used properly, can be a powerful enabler.

Aesir understands that clients want to protect their business plans and not merely insure their assets. Using insurance as an enabler to deliver that protection in turn enables them to obtain finance and grow their venture. This means providing coverages tailored to each client’s needs and having a full understanding of the environment they operate in.

Aesir recognises the importance of this aspect of risk management and actively seeks to challenge dogmatic traditions and propose innovative solutions to meet the challenges faced by the industry.

Our broad coverage remit spans:

  • Launch Vehicle Flight Only (LVFO)
  • In-Orbit (IO)
  • Pre-launch and assembly, integration and testing (AIT)
  • Launch and in-orbit operators’ liability
  • Associated covers as outlined under Lines of Business

Our sector-specific knowledge means we can deliver a quick response on all space submissions. Our underwriting is supported by an advanced data-rich, highly efficient, technology platform that connects every component of the workflow, supporting enhanced decision making and enabling rapid policy production.

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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