In Business: Insurance Industry in Cyprus
“From Cyprus we cover a world of ships”.
American Hellenic Hull (AHHIC) has been profiled by Cyprus’ leading business information provider, ‘In Business’, with CEO Ilias Tsakiris interviewed on the new challenges facing the marine insurance industry and on his views regarding the business and supervisory framework in Cyprus.
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 international s
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. Tsakiris told ‘In Business’.
Read the full interview here:
Prestigious industry event honours historic shipping personalities as well as strongly supporting children’s charity Hellenic Hope
American Hellenic Hull Insurance Company was once again for 2019 among the leading supporters of the annual Greek Shipping Hall of Fame Induction Ceremony & Dinner.
The Hall of Fame dinner, one of the most prestigious events in the maritime calendar, honours the historic greats of the Greek shipping industry and each year two new Inductees are unveiled, based on the votes of the organisation’s distinguished Academy of members.
As a Premium Sponsor of the event, which also supports the worthy Greek children’s charity Hellenic Hope, American Hellenic was acting as one of the strongest supporters of the event for the fourth straight year.
“We are proud to be a leading supporter of the Greek Shipping Hall of Fame,” said the company’s Chief Executive Officer, Ilias Tsakiris. “Our management roots are in Greek shipping, a business community that for many decades has played a lading role in global seaborne transportation.
“The Hall of Fame honors the personal commitment, imagination and expertise of some of the industry’s historic personalities, who have helped Greek shipping adapt over the years to remain at the forefront of the maritime adventure,” he continued.
“The maritime industry never stands still and American Hellenic’s team provides a personal, innovative and experienced service that meets the evolving needs of shipowners,” Mr Tsakiris added.
About 650 guests including many leading shipowners together with their business partners from Greece and overseas participated in the glittering event at Megaron, the Athens Concert Hall.
The event concluded with the announcement of the latest Inductees to the Greek Shipping Hall of Fame – George S. Coumantaros (1922-2016) and John P. Goulandris (1907-1950). The two past giants of the industry bring to 30 the number of Inductees now in the Hall of Fame, which was launched in 2007.
The event raised a total of Euros 44,000 for the children’s charity Hellenic Hope. The Greek Shipping Hall of Fame has partnered with the charity for the last six years.
Attached photo: American Hellenic Hull Chief Executive Officer Ilias Tsakiris being interviewed at the Greek Shipping Hall of Fame Induction Ceremony & Dinner 2019 in Athens
The World Maritime University (WMU), founded by the International Maritime Organization (IMO), has widened its focus to include the marine hull and machinery insurance sector for the first time, thanks to a new cooperation with American Hellenic Hull Insurance Company (AHHIC).
AHHIC and WMU sealed their cooperation with a highly successful joint event held at the university’s headquarters in Malmo, Sweden, on Wednesday, April 3.
At the event, AHHIC’s Chief Executive Officer Ilias Tsakiris shared his knowledge and experience in marine insurance with WMU students, who are seen as future key maritime decision-makers in numerous countries across the world.
Mr Tsakiris’ presentation followed a fruitful debate, during which the students raised questions on the future of the marine insurance market and the emerging issues related to IMO’s new regulations.
Mr Tsakiris’ visit to the university included a meeting with Prof. G. Theocharidis and WMU President Dr. Cleopatra Doumbia-Henry that enabled them to discuss concerns related tο new trends in shipping and marine insurance, as well as details of the future cooperation between AHHIC and the WMU.
As the sole cooperation of its kind between a marine hull insurance company and the WMO, American Hellenic Hull’s initiative is considered important for greater understanding of the marine insurance sector as well as underlining the status of the Piraeus and Limassol maritime service clusters.
Please see event’s highlights in the below video link: