Space insurers just might book 2020 as a gross profit, but with the lowest premium volume in 20+ years

by Peter B. de Selding

PARIS — You know it’s a struggling business when its first gross profit in three years, likely to end up a net loss, is based on the lowest annual revenue in at least two decades.

That’s where the world’s space insurers found themselves at the end of 2020. And 2021 began inauspiciously when Sirius XM Holdings filed a $225 million claim for the total loss of its Sirius XM-7 satellite:

For underwriters, that . . .

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