Underwriting
Since 2016, American Hellenic Hull, is an international underwriter that has been offering hull and machinery insurance on a fixed premium basis. AHHIC is unique in being the only global hull and machinery underwriter in its region.
Our strategic network of seven international offices provides us with the local insight and service capability to respond to the needs of shipowners in major maritime centers around the world.
We have built up an exceptional reputation in the international market and participate on many major accounts. AHHIC has an international portfolio currently consisting of more than 2,000 vessels, with a 66% loss ratio and an extremely high renewal ratio.
Our aim is to provide clients with a quotation within 24 hours and documentation within seven days. We offer business on hull conditions such as English Institute Time Clauses, ADS/DTV Clauses, Nordic Marine Insurance Plan and the American Institute Hull Clauses.
Our underwriting team comprises of highly skilled professionals, with over 40 years of experience in underwriting and claims handling. We are dedicated in providing our clients and brokers with first-class service and maintaining relationships built on trust for a sustainable and mutually beneficial future.
Offering MORE support, security, commitment, quality.
Highest level of service
Claims
Fulfilling the promise to settle a covered loss is the essence of insurance. Thereafter, speedy and diligent handling of valid claims is essential so that any loss, disruption or inconvenience is minimized for our clients.
This is the heart and soul of what AHHIC does. Integrity and transparency are the cornerstones of our operation as a leading marine insurer.
AHHIC’s Claims Department maintains a continuous dialogue with its client, always seeking solutions rather than exclusions. Our pragmatic approach leads to swift and prompt settlement of all valid claims, and we are proud of having one of the speediest claim processing in the market.
Our team combines technical knowledge, seagoing experience, adjusting experience and law-oriented personnel with a collective deep understanding of marine insurance.
AHHIC believes in being hands-on and in addition we can draw on an extensive network of competent surveyors, salvors, solicitors and other resources that may be required in order to provide fast and efficient management of claims, even in the most complex cases.
Offering MORE: speed, efficiency, understanding, reassurance.
Strong, long-term partner
Financial
We have established the first-ever marine underwriter in Cyprus licensed under the Solvency II regime and today we remain the only real marine underwriter in the region.
A highly experienced and well organized Finance / Accounts Department is in the best interest of our clients who seek a strong, long-term partner, ensuring that the company fully meets the most stringent regulatory requirements as well as maintaining a robust financial status.
Our team consists of highly motivated professionals who ensure the highest standards of reporting as well as full implementation of all accounting systems, policies and procedures.
In addition, the accounts team is trained to foresee wider trends and to keep the company’s standing, including future obligations, under rigorous review.
Offering MORE Consistency, Proactivity, Adaptability and Promptness
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