Elseco is a Managing General Agent (MGA) and underwriting specialist that focuses on high-technology risks, particularly in the space, aviation, and energy sectors. They offer insurance underwriting services for all phases of space projects, including pre-launch, launch, and in-orbit operations, supporting manufacturers, satellite operators, launch service providers, space agencies, and the telecommunications industry. Elseco utilizes a data-centric approach with its proprietary ATOM Insurance Operating System to quantify and underwrite complex risks for its capacity providers, which include over 50 insurance and reinsurance companies, including Lloyd's syndicates. Key space-related services include satellite launch and hull manufacturing insurance.
All verified mentions of this organization in source documents.
Dubai-based underwriter Elseco recorded around $2,000,000,000 in space insurance claims over the last 12 months across 20 incidents.
Elseco recorded roughly $1,000,000,000 in space insurance claims since the start of 2024.