Mapfre Global Risks Is Lead Insurer for Spanish Satellite

January 4, 2011

MAPFRE GLOBAL RISKS is the leading insurer for the Spanish satellite of the communications operator HISPASAT, H1E, which was launched on the 29th of December from the Kourou base in French Guiana.

MAPFRE GLOBAL RISKS said it had “insured both the launch phase of the satellite and its first year in orbit.

“The H1E satellite, built by LORAL SPACE and owned by the communications operator HISPASAT, will have a 15-year span life and will provide a wide range of communications services, mainly direct-to-home (DTH) television and, more specifically, high definition channels, as well as bandwidth mobile services. The coverage of the satellite will extend to Europe, America and Northern Africa.”

With the launch of this new satellite, HISPASAT has seven satellites in orbit, the launches of which were all insured by MAPFRE GLOBAL RISKS.

The bulletin noted that the coverage “highlights the leadership of MAPFRE GLOBAL RISKS in the space risks segment. With a clear international focus and important global insurance programs, MAPFRE GLOBAL RISKS has taken part as the leading company in the launches of all the Spanish satellites insured in 2010.

Source: MAPFRE GLOBAL RISKS

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