Howden Launches Dedicated Space Insurance Practice Led by Industry Veteran

Howden, an insurance intermediary, has appointed Clive Strickland to lead its newly established Space insurance practice. Strickland brings over 25 years of industry expertise and has a strong history of developing space insurance teams, enhancing Howden's capabilities in this specialized market. The space insurance sector is currently valued at approximately $600 million in global premiums with an anticipated annual growth rate of 9% throughout the decade. Howden aims to offer comprehensive insurance solutions covering all aspects of space-related risks, including satellite launches and ongoing in-orbit operations, under Strickland's leadership. This move indicates Howden's strategic focus on expanding in the growing space insurance market and developing industry talent in this area.