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There's only one month left. If it can pass with no major catastrophic rocket failures, the space insurance sector will look back on a fantastic -- and profitable -- 2009. Insurance for this market can be a tough business, as failures are frequent, and the cost to launch can reach (or even exceed) $250 million. So, it's not always easy to eke out a profit.
Aon (AOC) International Space Brokers forecasts space insurance sector profits of above $400 million this year, making it another strong annual performance for this line. The space carriers have sustained losses of $400 million to $450 million in 2009, but premiums paid to the insurers exceeded $800 million for the first three quarters of the year.
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