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AIG Was Lead Underwriter on Spaceship That Crashed

According to reports from Reuters, the Virgin Galactic spaceship that crashed in the Mojave Desert on Friday was insured against losses of $40-$50 million...
November 4, 2014

According to reports from Reuters, the Virgin Galactic spaceship that crashed in the Mojave Desert on Friday was insured against losses of $40-$50 million. AIG was the lead underwriter. British insurance and brokerage services provider Jardine Lloyd Thompson told Reuters that it was the broker on the deal.

The spacecraft crashed in California's Mojave Desert during a test flight, killing one pilot and injuring the other. Virgin Galactic is the fledgling space tourism company of billionaire British entrepreneur Richard Branson.

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