Skip to main content

Lloyd’s to collaborate on world’s first space sustainability standards

06 Oct 2022

  • Lloyd’s to work with the Lloyd’s Market Association (LMA), Government and industry experts to produce world-first standards for sustainable space exploration.
  • Photography exhibition by Max Alexander and guest speakers will showcase the scale of challenges undertaken by pioneering companies hoping to benefit from the standards.
  • Attendees include astronaut Sir Tim Peake and UK Space Agency Deputy CEO Ian Annett.

Space sustainability standards

Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, in partnership with the LMA, has today announced it will collaborate with the UK Government and leading industry experts on the development of the Earth & Space Sustainability Initiative.

Having been at the forefront of insuring space exploration since its inception – including the very first commercial satellite in 1965 – Lloyd’s is once again convening its knowledge and expertise to shape cutting-edge conversations around extra-terrestrial risk.

Space Debris

Space has become an increasingly important anchor to the global economy, providing the physical infrastructure for the global communication networks that underpin our deeply interconnected world. However, this vital system of satellites is under threat from the growing problem of space debris.

There are estimated to be more than 100million pieces of space debris large enough to cause real damage to the people and technology operating in the Earth’s orbit. As an example, a single stray bolt can travel at over 4 miles per second and would rip through a satellite with the force of a hand grenade.

Our Fragile Space

To highlight the challenge of space debris, Lloyd’s is launching ‘Our Fragile Space’, led by renowned science communicator and space photographer Max Alexander. The display will exhibit the reality and growing threat space debris poses to our environment and way of life – while showcasing the people and initiatives leading the way in combatting the issue.

“Lloyd’s has a unique ability to lead on the response to global challenges and this exhibition epitomises our purpose of sharing risk to create a braver world.

These space sustainability standards are an industry first, and will provide reassurance to both businesses and the end user that they are supporting innovation that is fit for the future.

The fantastic images in the exhibition are a window into the scale of what we’re working towards with our business and government partners – and we’re delighted to kick off the exhibition’s global tour today.”
John Neal - Chief Executive Officer, Lloyd’s
“Sustainability of the space environment is of the utmost importance to space insurers to increase reliability and reduce the potential for losses.

As part of Lloyd’s we will remain at the forefront of innovation for the benefit of risk reduction within the space ecosystem.”
Denis Bensoussan - chair of the LMA Satellite Risk Committee and Head of Space at Beazley syndicate
“This initiative brings together industry, academia, government stakeholders and international bodies to ensure that space continues to support the environmental, economic and scientific interests of future generations.

The initiative will facilitate the establishment of industry-led standards, recognised by the finance and insurance communities.”
Joanne Wheeler MBE - Director at Alden Legal and Chair of the Satellite Finance Network

Notes to Editors

  • Journalists can sign up for the Lloyd’s Our Fragile Space launch event here
  • The event is taking place tonight, Thursday 6 October 2022 between 1800 - 1945 followed by networking reception 
  • The photography exhibition will tour globally after its Lloyd’s Building launch event. 
  • Learn more information on Lloyd’s Crowded Space campaign and its focus on Space can be found here.

Enquiries to:


+44 (0) 20 7327 5111 |

+44 (0) 20 7327 5391 |

+44 (0) 20 7327 6144 |


+44 (0) 20 7327 5721 | 


+44 (0) 20 7327 6125 | 


+65 6870 9227 |    

About Lloyd’s

Lloyd’s is the world’s leading marketplace for commercial, corporate and specialty risk solutions. Through the collective intelligence and expertise of the market’s underwriters and brokers, we’re sharing risk to create a braver world. 

The Lloyd’s market offers the resources, capability and insight to develop new and innovative products for customers in any industry, on any scale, in more than 200 territories. 

We’re made up of more than 50 leading insurance companies, over 380 registered Lloyd’s brokers and a global network of over 4,000 local coverholders. Behind the Lloyd’s market is the Corporation: an independent organisation and regulator working to maintain the market's successful reputation and operation.

We’re working to build solutions for the most current and prevalent threats. As Chair of the Insurance Task Force for HRH The Prince of Wales’s Sustainable Markets Initiative, Lloyd’s is bringing the industry together to insure the transition to net zero. Our research community is pooling expertise from across the industry to provide cutting edge insight on systemic risks from climate change to cyber security.

And through our digital-led strategy, The Future at Lloyd’s, we’re making it easier and cheaper to place, price and process cover in the Lloyd’s market.