Occam Underwriting

What Occam Underwriting does

Occam Underwriting Limited is a London-based Managing General Agency (MGA) founded in 2003 that specialises exclusively in space insurance, underwriting launch and in-orbit cover for the global space industry on behalf of Lloyd's of London capacity providers. The company works with the world's leading space insurance brokers to construct bespoke, mission-specific policies for satellite operators, launch service providers, and spacecraft manufacturers, with global reach including EEA-located risks delivered via the Lloyd's Europe platform through partner Nexus Europe SAS (UK Branch, FCA FRN 986390). Occam is authorised and regulated by the Financial Conduct Authority (Ref 438721) and is headquartered at 52-56 Leadenhall Street in the City of London, close to Lloyd's.

The firm's revenue model is built on commissions and profit participations earned on premiums underwritten using Lloyd's capacity, a capital-light structure characteristic of MGAs. Distribution is exclusively broker-led, with no direct-to-customer or digital self-service channel, and pricing is quote-based and bespoke given the unique risk profile of each space mission. The team combines decades of experience from both the space industry and the (re)insurance sector, and core underwriters have been writing space business with Occam since 2016, providing institutional continuity in a thin-talent niche.

In 2023, Occam was acquired by Brown & Brown (Europe), a subsidiary of NYSE-listed Brown & Brown Inc., one of the largest US insurance intermediaries, gaining access to a global intermediary's distribution and resources while retaining operational autonomy as a specialist MGA. The company is privately held, with no public revenue, headcount, or premium disclosures, and the underlying technology is described as an insurance underwriting platform with no disclosed AI/ML, data, or software-as-a-service components.

Name

Occam Underwriting

Legal name

Occam Underwriting Limited

Website

https://occamunderwriting.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Occam Underwriting is a London-based Managing General Agency, founded in 2003 and owned by Brown & Brown (Europe), that underwrites bespoke launch and in-orbit space insurance on behalf of Lloyd's of London for the global space industry.

Ownership category

akta.pro rank

Product category

Specialty Space Insurance

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

• Space insurance underwriting
• Satellite launch insurance
• In-orbit coverage solutions
• Specialty space insurance
• Managing general agency

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain, Infrastructure

Revenue model

1. Insurance Underwriting Premiums (MGA Commission): As a Managing General Agent (MGA), Occam Underwriting earns commissions and profit participations by underwriting space insurance risks on behalf of Lloyd's of London capacity providers. The company builds long-lasting relationships with capacity providers to generate long-term profitability.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Occam Underwriting is a specialist Managing General Agency (MGA) that underwrites bespoke space insurance products, principally launch and in-orbit covers, for the global space industry. The company works through leading space insurance brokers to construct mission-specific coverage, with all policies backed by Lloyd's of London capacity. EEA-based clients are served via the Lloyd's Europe platform in partnership with Nexus Europe SAS.

Product overview

Occam Underwriting is a specialist Managing General Agency (MGA) dedicated to space insurance, offering a single unified product line centred on customised launch and in-orbit insurance covers for the global space industry. The core product is space insurance, with bespoke Risk Solutions crafted to each customer's mission requirements. All coverage is underwritten through the Lloyd's of London platform, with EEA coverage available via the Lloyd's Europe platform, providing financial security backed by Lloyd's of London's top-rated security.

Differentiator

Problem solved

Functional benefit

Products and services

• Space Insurance Products Specialist insurance coverage for the space industry, providing launch and in-orbit covers for space missions worldwide, with all coverage backed by Lloyd's of London. Targeted at satellite operators, launch service providers, and spacecraft manufacturers requiring mission-specific insurance.
• Risk Solutions Customised insurance products tailored to each customer's unique mission requirements, constructed in collaboration with the world's leading space insurance brokers. Provides bespoke coverage solutions for all types of space missions, including launch and in-orbit covers.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• Lloyd's of LondoncoreStrategic or Co-development PartnerOccam operates as a Managing General Agency (MGA) underwriting on behalf of Lloyd's of London. Lloyd's provides the capacity and top-rated financial security that enables Occam to offer insurance to the global space industry. This partnership ensures peace of mind for space industry clients that their risks are protected by secure and committed support.
• Nexus Europe SAS (UK Branch)minorImplementation/ SI/ Consulting PartnerFor EEA clients with risks located within the EEA, service is provided by Nexus Europe SAS (UK Branch), which is authorised and regulated by the FCA (FRN: 986390). This partnership enables Occam to serve EEA-based clients through Nexus's regulatory framework.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Atrium Underwriters at Lloyd's: Atrium operates Space Syndicate 460 at Lloyd's of London, underwriting launch and in-orbit space risks directly — one of the closest direct competitors to Occam as a Lloyd's-based specialist space underwriter.
• Global Aerospace Underwriting Managers: Global Aerospace is a specialist MGA providing aviation and space insurance, including satellite and launch coverage — a directly comparable specialist underwriting platform in the same niche as Occam.
• Apollo Syndicate Management (Lloyd's): Apollo operates syndicates at Lloyd's including space and specialty lines, offering comparable launch and in-orbit coverage through Lloyd's market distribution — a direct competitor for space risk capacity.
• Hiscox London Market: Hiscox operates Lloyd's syndicates active in space and specialty lines, underwriting launch and satellite risks through the London Market — a direct peer operating from the same Lloyd's distribution platform.
• International Space Brokers (ISB): ISB is a specialist space insurance broker placing launch and in-orbit coverage into Lloyd's and global markets — sits on the same broker panel that Occam relies upon for distribution and represents a peer in the same niche market.

Broad incumbents

• Allianz Global Corporate & Specialty (Space): AGCS offers aviation and space insurance as part of its specialty lines portfolio, serving major satellite operators and launch providers — a broad incumbent offering comparable products at global scale.
• Mars Global (Marsh Space Projects): Mars Global / Marsh operates a leading space insurance broking practice placing launch and in-orbit coverage for commercial and government clients — a large incumbent intermediary competing for the same customer wallet.
• Munich Re (Aerospace / Space): Munich Re is one of the world's largest reinsurers providing space risk capacity through treaty and facultative arrangements — competes as a capacity provider behind MGAs like Occam and as a direct space underwriter.
• Aon Space Projects: Aon's Space Projects practice is a major global broker for satellite and launch insurance, sourcing capacity from MGAs like Occam — competes indirectly as a broader incumbent placing similar risks at scale.
• Swiss Re (Space & Aviation): Swiss Re underwrites space and satellite risks globally as part of its specialty reinsurance portfolio — provides capacity to Lloyd's space syndicates and competes at the underwriting level with established scale.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/occam-underwriting
• Xx.com/Occam_Insurance
• Facebookfacebook.com/OccamUnderwriting

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Occam Underwriting