In a transaction negotiated during 2015, and accomplished as to its final details in June 2016, the American Club has made a significant investment in the establishment of a new company in Cyprus, American Hellenic Hull Insurance Company, Ltd., in order to develop a presence in the marine hull and machinery insurance market, an area highly pertinent to the Club’s activity in the P&I sector.
Complying with the European Union’s Solvency II regime’s rigorous financial and operational imperatives, American Hellenic Hull has continued to achieve excellent progress since it commenced its marine insurance operations and now boasts a substantial and growing portfolio of first-class international fleets.
American Hellenic Hull stands ready to provide highly synergistic marine hull and machinery insurance solutions to the global shipping industry motivated by the same customer care levels that it shares with its investor, the American Club itself. This combination of capabilities represents a new force of growing energy within the marine hull and machinery insurance markets across the world.
