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AHHIC: Ambassador of the UN Agenda at the Maritime Cyprus 2019

The Maritime Cyprus 2019 Conference and Exhibition, under the theme “Sea Change” held from 06-09 October 2019, celebrated its 30th anniversary since it was first held in 1989.

American Hellenic Hull was the official ambassador of the UNEP FI – Principles for Sustainable Insurance, during the Maritime Cyprus 2019 Conference and Exhibition.

Endorsed by the UN Secretary-General and insurance industry CEOs, the Principles for Sustainable Insurance (PSI) serve as a global framework for the insurance industry to address ESG risks and opportunities—and a global initiative to strengthen the insurance industry’s contribution as risk managers, insurers and investors to building resilient, inclusive and sustainable communities and economies.

Environmental, social and governance (ESG) issues—or sustainability issues—pose a shared risk to insurers, communities, businesses, cities, government and society at large, providing a strong incentive for innovation and collaboration. Examples of sustainability issues relevant to the marine insurance industry include climate change, ecosystem degradation, pollution, illegal fishing, negative impacts on heritage sites, human rights violations, poor health and safety, lack of transparency, and corruption.

The PSI is the largest collaborative initiative between the UN and the insurance industry. Today, 140 organisations worldwide have adopted the four Principles for Sustainable Insurance, including insurers representing more than 25% of world premium volume and USD 14 trillion in assets under management.

“American Hellenic Hull is the exclusive Cypriot marine insurance company to sign the United Nations agenda and support the UNEP FI Principles for Sustainable Insurance, prioritizing at the same time the Sustainable Development Goals at all levels of the company activity. For the first time since its inception, the Maritime Cyprus Conference and Exhibition, endorses the United Nations agenda, upgrading at the same time the marine insurance services within the Cyprus Maritime Cluster. We firmly support the endeavor of the Deputy Shipping Ministry to enhance Cyprus’ role as an advanced, proactive, competitive maritime nation both in Europe and Internationally”, stated Mr. Tsakiris.

Read more: The PSI and the marine insurance industry (October 2019)

AHHIC supports the UNEP’s Finance Initiative Principles for Sustainable Insurance

American Hellenic Hull Insurance Company is among the leading signatory companies to the Principles for Sustainable Insurance (PSI) and a member of the global community of banks, insurers and investors of UN Environment Finance Initiative (UNEP FI).

Endorsed by the UN Secretary-General and insurance industry CEOs, the Principles for Sustainable Insurance (PSI) serve as a global framework for the insurance industry to address environmental, social and governance (ESG) risks and opportunities—and a global initiative to strengthen the insurance industry’s contribution as risk managers, insurers and investors to building resilient, inclusive and sustainable communities and economies.

As a marine insurer, American Hellenic Hull Insurance Company provides hull and machinery services to the international shipping industry that is currently called upon to adapt to a wide range of challenges. Not least among these are new requirements deriving from the International Maritime Organization’s regulations aimed at reducing industry’s impact in the environment and new risks related to sustainability.

“At American Hellenic Hull, we fully support the UNEP FI Principles for Sustainable Insurance, aiming to incorporate the social, environmental and business emerging issues into our sustainable and holistic approach, while working together with the insurance industry and the United Nations. In addition, we acknowledge that signing the PSI is a concrete example of sustainability leadership and commitment and we stand ready to adopt all four of the Principles for Sustainable Insurance.

Since inception, our company has sought to be a leader within our sector in offering greater transparency, responsiveness to clients, greater reliability and more awareness of risk to the shipping market. We are prioritizing Sustainable Development Goals at all levels of company activity. Safety, security and sustainability are at the heart of our underwriting and claims processes.” stated Mr. Ilias Tsakiris, CEO of AHHIC, to the Board Members of the PSI initiative.

AHHIC believes in being proactive to achieve a more sustainable future. This is particularly important in the marine insurance sector, given the essential role of insurance and the pivotal role that maritime transport plays in global sustainability.

American Hellenic Hull supports the Greek Shipping Hall of Fame for the third time in a row

The Greek Shipping Hall of Fame’s fourth annual Induction Ceremony & Dinner took place on the evening of Monday 19 March at Megaron, The Athens Concert Hall.

About 630 guests from the Greek shipping community, key business partners and friends from overseas enjoyed the Welcome Drinks Reception and an exciting Induction Ceremony programme that celebrated Greek shipping and its remarkable history.

American Hellenic Hull sponsored the annual Greek Shipping Hall of Fame event for the third time. CEO Ilias Tsakiris stated: “American Hellenic Hull Insurance Company is once more delighted to support the Greek Shipping Hall of Fame. We feel a strong connection with this event because it conveys the important message that Greek shipping still leads and navigates the industry. We welcome the opportunity to come together this evening to honor Greek shipowners as risk takers and achievers. Today, we see the Greek fleet is as strong as ever and continuing to grow.  American Hellenic Hull Insurance Company’s global network is there to meet its evolving needs.”

A highlight of the 2018 Induction Ceremony was the announcement of the latest Inductees to the Greek Shipping Hall of Fame – the 2017 Inductees. The Inaugurators for 2017, Alekos N. Goulandris and Vasilis M. Mavroloeon, were mentioned through interviews with the family and warmly welcomed for their contribution and achievements at the prestigious event. This marked the 10th anniversary of the birth of the Greek Shipping Hall of Fame when the very first four Inductees were unveiled in a short ceremony back in 2007 – an event that was also remembered and celebrated during this year’s programme.

The Greek Shipping Hall of Fame donated a portion of the event proceeds to the Greek children’s charity, Hellenic Hope (www.hellenic-hope.org) by the internationally-renowned classical crossover singing star Mario Frangoulis, showing once again that the Greek shipping community actively contributes to wider social needs.