In Business: Insurance Industry in Cyprus
“From Cyprus, we cover a world of ships.”
The CEO of American Hellenic Hull (AHHIC), Ilias Tsakiris, was featured in ‘In Business’ the leading business information provider in Cyprus. He was interviewed on the new challenges facing the marine insurance industry and his views regarding Cyprus’s business and supervisory framework.
Mr. Tsakiris said that since mid-2018 a major consolidation in the Lloyd’s and London markets has had an impact on marine insurance premium levels and that a firming of rates is expected to continue during this year.
He also considered that Cyprus may profit from developments connected with Brexit, due to the country’s favourable tax and regulatory environment.
American Hellenic Hull firmly supports the vision of the Deputy Ministry of Shipping to turn Cyprus into one of the world’s leading shipping clusters. At the same time, Mr. Tsakiris said, AHHIC is proud to act as an “ambassador” of Cyprus in all the key internationals
Asked about Cyprus’ supervisory authorities, Mr. Tsakiris observed that their personnel are highly qualified and extremely business-oriented with exemplary efficiency.
American Hellenic Hull’s target is to double the value of the company’s initial investment within the next five years, Mr. Ilias Tsakiris told ‘In Business.’
Read the full interview here:
