Our Manifesto

The World is changing, each day becoming more complicated. A new Cold War is here. Conflicts –both implicit and explicit– arise; energy is weaponised; populations are weaponised. Transportation of goods is hindered by constant power games; the global map is infected by war zones, environmental and social risks.

The maritime industry –being at the heart of the global economy–, is decisively affected by this exponential increase in complication, which in turn, affects the economy in a vicious cycle of constant instability. This industry is not just at the verge of a set of tectonic changes. It is already undergoing rapid changes.

By its nature this business is driven by adaptability.

New challenges need to be answered by smart solutions.

That is because by its nature, this business is driven by adaptability.
New challenges need to be answered by smart solutions. We are already in the fourth wave of AI, which ignites a fourth industrial revolution, which inevitably pushes developments in our business; a great number of unmanned vessels are soon expected to be sailing in the seas, in more efficient and safe ways. However, as legislation and regulation will also be subject of great scrutiny and change, further increase in complication will occur.

The world is dangerously flirting with chaos.

This is no time for risks to remain unmanaged. Nor the time to remain idle, nor to expect growth from mere inertia, nor brute force. What is needed is experience combined with precision, flexibility, creativity, adaptability and an ability to understand the nuances in complication. This is where we come in the picture.

For 30 years now, Hellenic Hull has matured in an era of constant change and unexpected circumstances, not just surviving but thriving in rough times of crises of all sorts.
Change and adaptability is in our chromosomes since the day of our inception back in 1994. In fact, Hellenic Hull is an

organization conceived for change. We have been sailing along our clients risks in rough seas and uncharted territories, gaining valuable experience in crisis management, becoming more resilient day by day. Through times of turbulence fueled by financial instabilities, wars, two major bank crises, and an one in 100 years global pandemic, we have grown stronger. And smarter. And even more responsive. From a local insurer for the aged Greek and Cypriot fleets to a global powerhouse.

By transforming ourselves from local to global players

By participating in the insurance of almost 1/3 of all large fleets globally, without compromise in our strict underwriting policy

By influencing decision making and by making impact at the world’s top level

Our 30s is not just a time for triumphs and celebration. Despite having three decades of condensed experience, it is just a fraction compared to where some of our main competitors stand. As challenge takers we see this landmark as a further step towards the change we need to embrace, towards what we want to become. To transform and lead rather than just follow. To anticipate and shape the future, instead of just managing it.

This is the time to set sail, with you onboard.

Our time.

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CEO Ilias Tsakiris was recognized in The Investor Greece 2019 for his leadership in business and social responsibility. Throughout the year, Hellenic Hull made an impact at key industry events like the Capital Link Cyprus Forum, Insurance Conference, Delphi Economic Forum, and Maritime Cyprus 2019, advancing discussions on marine insurance and sustainability. The association also strengthened stakeholder engagement through presentations in Piraeus, London, and at P&I conferences. A standout moment was Tsakiris’ presentation at the World Maritime University, affirming Hellenic Hull’s dedication to training and education.

By 2001, the tides had shifted in favor of Hellenic Hull Mutual. At its 7th AGM, Hellenic Hull reported an impressive leap in its portfolio. The number of insured vessels had nearly doubled to 222, with a combined entered value exceeding $350 million.

HMA’s Chair Mr. Dounis shared an ambitious vision: the establishment of a marine campus in Greece, dedicated to promoting marine protection and ocean sustainability.

In April, Hellenic Hull made a notable contribution to the Merchant Marine Academy in Hydra, donating a GPS electronic device to enhance the students’ educational experience.

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