NEW YORK--(BUSINESS WIRE)--Apr. 8, 2013--
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
“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.
American International Group, Inc. (AIG) is a leading international
insurance organization serving customers in more than 130 countries..
AIG companies serve commercial, institutional, and individual customers
through one of the most extensive worldwide property-casualty networks
of any insurer. In addition, AIG companies are leading providers of life
insurance and retirement services in the United States. AIG common stock
is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com
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AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all countries, and coverage is subject to actual
policy language. Non-insurance products and services may be provided by
independent third parties. Certain property-casualty coverages may be
provided by a surplus lines insurer. Surplus lines insurers do not
generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.
Matt Gallagher, 212-458-3247