AIG Launches New Distribution Channel for Space-Related Risks

American International Group, Inc. (AIG) 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 space-related insurance 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.

AIG companies serve commercial, institutional, and individual customers through worldwide property-casualty networks. In addition, AIG companies are providers of life insurance and retirement services in the United States.