Ilias Tsakiris, CEO of American Hellenic Hull Insurance Company, has been elected as a member of the prestigious Ocean Hull Committee of the International Union of Marine Insurance (IUMI), the first time a Cyprus-based insurer has been represented on the body.
IUMI can trace its roots as a forum and a voice for the international marine insurance industry back to the 19th century. IUMI’s mission is to enhance marine insurance standards through activities that include research and reporting, education and training, networking among members, and lobbying. The Ocean Hull Committee identifies risk trends and issues, whilst raising awareness of global threats and opportunities for the marine hull and machinery insurance sector.
Mr Tsakiris is known in the market as a passionate advocate of marine insurance and the maritime industry at large. His exceptional knowledge of the shipping industry has developed over a substantial career that began as a merchant marine officer.
As an underwriter, Mr Tsakiris has an impressive loss record and a client renewal record of 98%. He has led American Hellenic since inception, steering the company to exceed all expectations, including building up a a quality hull portfolio of more than 3,000 insured vessels. Recent pioneering steps have included a partnership with the World Maritime University to launch a postgraduate diploma in marine insurance. A strong believer in sustainability, Mr Tsakiris has also led AHHIC to become the first marine insurer to sign up to the United Nations Environment Programme Finance Initiative Principles for Sustainable Insurance as well as the first in its sector to sign the UNEPFI Sustainable Blue Economy Finance Principles. AHHIC was the sole dedicated marine insurance company that participated in the development of UNEPFI’s first global guide to managing environmental, social and governance (ESG) risks in non-life insurance sectors