American Hellenic Hull Insurance Company has been featured in The Times, the long-established UK daily newspaper.
In a Greece special report published on June 26, 2018, The Times identified insurance as a sector offering opportunities after the Greek economic crisis. It also noted that marine insurance is “a big player”, supported by the country’s shipping industry, which is “a global force” in the maritime business.
Highlighting American Hellenic Hull’s impressive year-on-year growth, The Times report interviewed company chief executive Ilias Tsakiris. Here is Mr Tsakiris’ full statement:
“The insurance company American Hellenic Hull had its best month in April, insuring 2,200 vessels – up 43 per cent on the year. Its chief executive Ilias Tsakiris says the backing of US entrepreneurs, along with the company’s Greek heritage, is helping it succeed, ‘’plus the fact that in this part of the world there are no real marine underwriters.’’
‘‘New growth will be coming from Europe and the US, and the Far East is a massive market of course – we have offices in Shanghai and Hong Kong. However, the insurance market there is very strong. To penetrate this market you have to have a strong track record and show you can serve the people well.’’