American International Group, Inc. (AIG) announced today that it has appointed Castor Aerospace LLC as its new program administrator for space-related risks. This appointment provides a new distribution channel for satellite operators, manufacturers, launch service providers, owners, end-users & financiers that require access to comprehensive space-related insurance solutions including traditional satellite launch and in-orbit coverages.
This new distribution channel will provide clients with access to the necessary coverage options which are needed to address their growing space-related exposures.
"The space industry continues to grow at a rapid pace and AIG understands how important it is to respond to market growth and opportunities. This new distribution channel for space-related risks allows us to expand our aerospace product suite and provide access to comprehensive space insurance solutions that meet our clients' needs," states Jeff Moitozo, Division Executive, Aerospace, U.S. and Canada, AIG.
For more details, please send an email to email@example.com; or visit our website at: www.aig.com/aerospace. For more information on Castor Aerospace, visit their website at www.castor-aero.com.