Charter Space raises seed funding to expand its space-insurance brokerage
Its licensed brokerage serves space and defense companies with coverage designed around spacecraft, launches and mission-specific risks.
Insurance for spacecraft and missions
Charter arranges cover across spacecraft assembly and testing, transport, launch, orbit transfer and on-orbit operations. Its offering also addresses launch-vehicle liability and business policies for companies whose risks are difficult to assess through standard commercial insurance.
A specialist broker for a growing industry
Customers can seek tailored cover for satellites, payloads, constellations, launch sites and mission-related liabilities, alongside property, cyber and directors-and-officers insurance. Charter says it has served more than 50 companies across the space and defense industrial base.
Use of funds
Grow the sales organization
Expand insurance offerings