Putting risk into perspective

We are all more than aware that the world is experiencing a credit crisis but how is this affecting the global insurance industry and those who assess the risk of space-based assets. Philippe Montpert, Managing Director of Paris-based Willis Inspace generously agreed to speak to Helen Jameson from the point of view of the insurer.

Eutelsat achieves revenue growth of 7 percent
Commenting on 2008-2009 first quarter revenues, Giuliano Berretta, Chairman and Chief Executive Officer of Eutelsat Communications said: "With revenue growth of 7% in our first quarter reflecting the expansion of all activities in our markets, Eutelsat's performance underlines the efficiency of our strategy. Broadcast and broadband activities, which generate more than 80% of our revenues, show significant dynamic as well as potential for further expansion as more and more countries transitioning into a fully digital environment have recourse to satellites to ensure that all homes and businesses can benefit from access to digital services"...

Globecomm Systems reports Fiscal 2009 First Quarter Financial Results
Globecomm Systems has announced financial results for the fiscal 2009 first quarter ended September 30, 2008. Globecomm is reporting its financial results on a generally accepted accounting principles (GAAP) basis as well as adjusted EBITDA, a non-GAAP financial measure. In the attached table the Company provides a detailed reconciliation of GAAP earnings to adjusted EBITDA...

Record $255.5 million in new awards pushes sales backlog above $523 million

ViaSat Inc.has announced financial results for the second quarter of fiscal year 2009. The fiscal second quarter results include record net new contract awards of $255.5 million, record revenues of $159.3 million, and non-GAAP diluted net income per share of $0.39 or $0.29 per share on a diluted GAAP basis. Year-to-date, ViaSat reported net new contract awards of $461.4 million, total revenues of $312.2 million and non-GAAP diluted net income per share of $0.68 or $0.49 per share on a diluted GAAP basis...

FURUNO and JRC invest in new JSAT MOBILE joint venture
Stratos Global Corporation(Stratos) today announced that FURUNO Electric Co., Ltd. (FURUNO) and Japan Radio Co., Ltd. (JRC) and have become shareholders in JSAT MOBILE Communications Inc. (JSAT MOBILE). FURUNO and JRC, both leading marine electronics manufacturers, will each assume a 10 percent share in JSAT MOBILE...

Lawsuits filed against each of the guarantors to the $47 million termination fee
Gilat Satellite Networks reported that it had filed lawsuits against each of the parties that had guaranteed the payment of a termination fee under the Merger Agreement that was approved by the Company's shareholders on July 3, 2008...

Punitive damage award approximately $707 million
A Los Angeles Superior Court jury has awarded ICO Global Communications (Holdings) Limited (NASDAQ: ICOG) $236 million in punitive damages in its case versus The Boeing Company and its Boeing Satellite Services International subsidiary (collectively, "Boeing") (NYSE: BA). Today's award is in addition to the at least $371 million awarded last week when the jury found Boeing liable for fraud, tortious interference, and breach of contract...

iDirect reveals record approval marks for the company
VT iDirect has announced the results of its 2008 Customer Satisfaction Survey Ratings, revealing record approval marks for the company, its products and services. For the third time in the survey’s three-year history, iDirect has exceeded customer expectations in every survey category, achieving a 90.2 (out of 100) overall customer satisfaction rating. iDirect is a world leader in satellite-based IP communications technology...

Infoterra to provide a web based flood risk assessment service
Infoterra, leader in the provision of geospatial products & services, and part of the Earth Observation Division of Astrium Services, has been selected by Lloyd's to implement an innovative web-based flood risk assessment service that will help Managing Agents across their 80 syndicates to gain a geographic perspective on their exposure to flood risk...