© 2011, XL Group plc companies. All rights reserved. I MAKE YOUR WORLD GO

BUSINESS / LEGAL WORKING GROUPCOMSTAC OUTBRIEF11 MAY 2012

CHRIS KUNSTADTERXL INSURANCE

1

© 2011, XL Group plc companies. All rights reserved. I MAKE YOUR WORLD GO

Findings, Observations and Recommendations

BLWG F1:

COMSTAC finds that "spaceflight participants" are not covered by Tier 2 of the CSLA liability regime, while "crew" are covered. The BLWG will examine the subtlety of this distinction.

© 2011, XL Group plc companies. All rights reserved. I MAKE YOUR WORLD GO

Findings, Observations and RecommendationsBLWG F2:

COMSTAC finds that the AST contributions to:

- the work on liability limitation for human spaceflight- the NASA insurance task- the GAO indemnification study- the extension of the CSLA liability regime

are all critical components of the changing landscape of commercial space activity. COMSTAC strongly encourages AST’s continuation of -- and, in particular, co-ordination among -- these efforts.

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Findings, Observations and Recommendations

BLWG R1:

COMSTAC recommends that AST facilitate the release of the AST report for the NASA insurance task. This document is a useful and comprehensive reference for the commercial space industry, among others.

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Findings, Observations and Recommendations

BLWG R2:

COMSTAC strongly recommends that AST uses all reasonable efforts to support extension of the CSLA liability risk-sharing regime. COMSTAC urges extension and offers the support of its members to assist in this effort.

© 2011, XL Group plc companies. All rights reserved. I MAKE YOUR WORLD GO

Findings, Observations and Recommendations

Chris Kunstadter's Recommendation:

Chris Kunstadter recommends that COMSTAC members review the GSO forecast and provide comments to him no later than Friday, May 25, in order to avoid the wrath of being berated by email.