Press Release

Arianespace addresses The Insurance Institute of London

By SpaceRef Editor
January 9, 2013
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Speaking in the ongoing lecture series organized by The Insurance Institute of London, Arianespace reaffirmed its partnership with today’s leading space insurance firms.

The Insurance Institute of London, an insurance industry trade association, invited Arianespace Chairman and CEO Jean-Yves Le Gall to share his experiences in managing risks in the space sector, during a lecture held on Wednesday, January 9 at Lloyd’s of London.

Space insurance plays a decisive role in the development of the space business. Arianespace’s launches account for over half of all premiums collected by insurance firms in this sector. Launched from the Guiana Space Center in French Guiana, Ariane 5 and Soyuz set the standard for reliability, and therefore enjoy the best insurance rates in the market. The latest member of Arianespace’s family, the Vega small launcher, carrying on the tradition of Ariane 5, has already been presented to the space insurance industry as well.

Jean-Yves Le Gall, guest of honor at this event, emphasized that, “Risk management has always been a top priority for Arianespace. Our company now operates three launch systems at the Guiana Space Center, all developed and operated with the same unyielding technical standards. The long-standing partnership we have built with insurance firms is very important to us, and we fully expect to continue the policy of technical transparency that we have developed over the last 30 years.”

SpaceRef staff editor.