Heath Lambert brokers breathed a sigh of relief this week as the fiery pieces of Russian space station Mir plummeted safely into the Pacific Ocean's “graveyard”.
The aerospace division, which handles around 70% of the Russian Space Insurance Market, had placed a reinsurance protection covering the
liability exposure of the ageing Russian space station's re-entry.
In the past, de-orbits have led to large fragments of the US Skylab crashing in the Australian outback. A chunk of Mir's predecessor, the Russian Salyut 7, also planted itself in a garden in the Andes.
But Mir landed safely near Fiji on Monday morning, much to the delight of holidaymakers on the beaches of Nadi.
Aerospace executive director Gary Bryant said: “This was of course a very unusual project, not least because of the sheer size of Mir. We are absolutely delighted it has gone smoothly, and congratulate the agency.”
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
