Aon Partners with Space Expedition Corp. for Space Traveler Coverage

Aon Risk Solutions, the global risk management division of Aon plc, announced that it has formed a partnership with Space Expedition Corporation, the Netherlands-based space tourism company dedicated to making space travel available for private citizens.

Aon said its collaboration with Space Expedition Corp. resulted in being able to design “a unique insurance policy providing comprehensive and customized protection for space travelers.
This insurance policy provides coverage for losses related to flight cancellation, postponement or temporary interruption. It is based upon a regular non-appearance cancellation policy and also includes additional supplemental coverage.”

Jeff Poliseno, CEO of Aon Risk Solutions’ International Space Brokers Practice, commented: “This is an extraordinary opportunity for private citizens to have the opportunity to travel into space. Our partnership ensures that all those participating in the Space Expedition Corporation program will have comprehensive coverage during their preparatory training and eventual space travel.”

Space Expedition Corporation will begin to operate daily commercial flights to space in 2014 for private citizens that complete the mandatory training program and pass medical testing. The flights will be performed in the Lynx suborbital space plane that is designed and built by XCOR Aerospace, a company that utilizes reusable launch vehicles, rocket engines and rocket propulsion systems.

“This partnership reflects our shared philosophy of innovation,” observed Michiel Mol, CEO of Space Expedition Corporation. “Our combined services will provide a complete package for clients going to the final frontier and back.”

Source: Aon Risk Solutions

Topics Mergers & Acquisitions Aon