American Hellenic Hull’s first market presentation in Cyprus

At an inaugural presentation to be held in Limassol, the Cypriot market will be fully informed of the company’s first seven months of growth as well as the emerging potential of Cyprus as a global marine insurance hub.

American Hellenic Hull Insurance Company will deliver its first Cyprus market presentation at Amathus Beach Hotel in Limassol, April 6, 2017. The presentation is for Cypriot officials, shipowners, marine-related executives, fellow members of the Association of Insurance Companies, and brokers. The main focus will be on the company’s growth in the seven months since it was licensed, on 1st July 2016, and on how Cyprus is becoming a global marine insurance centre.

Event speakers will be Mr. Vince Solarino, Chairman of the American Hellenic Hull Insurance Company and President of the managers of the American P&I Club, together with the American Hellenic Hull’s CEO Mr. Ilias Tsakiris.

American Hellenic Hull supports ‘YES Forum’

We support this platform of open dialogue aimed at bringing the next generation into contact with decision makers in the shipping and tourism sectors

We are proud that American Hellenic Hull Insurance Company will support YES Forum for the next two years. YES Forum is a dialogue platform to connect decision makers in shipping and tourism with young students, graduates, and universities. Supporting young talent and mentoring with the necessary industry expertise are high on American Hellenic’s agenda of corporate social responsibility.

American Hellenic Hull CEO Ilias Tsakiris strongly believes in the platform and “any initiative that draws us closer to the next generation of shipping executives and equips them for the challenges ahead”. American Hellenic Hull will support the first “YES to Sea Tourism Forum” big event that will be held on 24th May, 2017 under the auspices of the Posidonia Sea Tourism Forum (at Megaron Athens International Conference Centre).

The YES Forum is a highly commendable volunteer initiative organized by two professionals who are committed to nurturing young talent to meet the needs of the business and academic communities: Ms. Danae Bezantakou, Managing Director of Navigator Shipping Consultants and Ms. Katerina Stathopoulou, Executive Director of Investments & Finance. They ceaselessly encourage senior executives to invest time in career tutoring and networking events. You can follow the initiative through Instagram, Twitter, and Linkedin and we will present regular updates on the initiative.

American Hellenic Hull maintains growth momentum

The third Board of Directors meeting of American Hellenic Hull Insurance Company, held in Limassol, Cyprus, heard full details of the company’s progress to date in terms of business, finances and organization

The third meeting of American Hellenic Hull Insurance Company’s Board of Directors, held in Limassol, Cyprus, thoroughly examined the company’s business, financial and organizational progress to date. After seven months of operations the company had added accounts at a faster rate than expected (+23.5%) and was able to report a fleet of 1,286 insured vessels. Operating expenses were kept at lower levels than budgeted (-10,6%). During the period the company achieved a gross loss ratio of 52.9% on written premium. Being the first hull & machinery underwriter in the region under the EU Solvency II regime, it has already an improved ratio (+48%) of eligible own funds to the solvency capital requirement, offering increased protection to policy holders.

All growth indications show that the company is close to meet its 2017 annual targets. The CEO travels every two months to visit key markets, and is supported when needed by the American Club’s business development team. To date the team has analyzed 221 prospect companies, but insured only 75 (35.4%) of them, underlining its strict underwriting criteria. American Hellenic Hull now works with more than 100 brokers around the globe and its insured vessels are mainly from the German, Cypriot, Greek, UK, and Italian markets.

CEO Ilias Tsakiris stated: “We are committed to grow the business by basing marine insurance underwriting on relationships of personal trust and custom protection for each quality ship owner. Our team is dedicated to build awareness of our brand, to increase the portfolio and to avoid financial and claims risks. Our efforts are being given invaluable support from every Board member and the American Club’s business development team”.

American Hellenic Hull is a proud sponsor of the Greek Shipping Hall of Fame

On 3rd April 2017 we celebrate Greek shipping heritage and we pay tribute to historic personalities who have helped to shape the industry

American Hellenic Hull will be sponsoring the annual Greek Shipping Hall of Fame event for the second time. CEO Ilias Tsakiris stated: “American Hellenic Hull Insurance Company is once more delighted to support the Greek Shipping Hall of Fame. We feel a strong connection with this event because it conveys the important message that Greek shipping still leads and navigates the industry. We welcome the opportunity to come together this evening to honor Greek shipowners as risk takers and achievers. Today, we see the Greek fleet is as strong as ever and continuing to grow.  American Hellenic Hull Insurance Company’s global network is there to meet its evolving needs.”

Greek Shipping Hall of Fame began its life in 2007 as an idea, and today it includes 24 personalities who have made their mark on Greek and world shipping. Each year, two or three remarkable individuals are chosen to join the exclusive gallery of Greek shipping ‘greats’. It is an exciting project that illuminates great shipping personalities who paved the way for the industry through their strong values, heritage, respect, and perseverance.

You can follow this esteemed annual institution over Facebook and Twitter and also, through American Hellenic Hull’s social media accounts.

‘In Business’, Cyprus’ premier source of business information, profiles American Hellenic Hull

In an interview, CEO Ilias Tsakiris explained the company’s three immediate goals, and how the insurance market is influenced by Solvency II and related transparency requirements.



American Hellenic Hull has been profiled by Cyprus’ leading business information provider, ‘In Business’, with CEO Ilias Tsakiris interviewed on the company’s main immediate goals and the importance of the Solvency II regime

As Mr Tsakiris explained, the company’s first aim is to promote the Cypriot marine insurance market in international shipping centres where big shipping groups are based. The second target is to increase sales and surpass the estimates of the company’s initial three-year business plan. But this must be done in a way that ensures healthy and sustainable growth and supports recruitment and the introduction of new products and services. The third target is to constantly increase customer satisfaction, leading to renewals and ongoing loyalty.

American Hellenic Hull reports impressive growth

The company closed 2016 with a 270% increase in the size of its insured fleet and a 67% increase in premium income, both above business plan targets.

In its second circular, the company reported higher than expected growth figures for its first six months. It also unveiled a new organizational structure in order to keep pace with accelerating growth, and ensure top-quality service to clients and partners.

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