Leading Hull & Machinery insurance company providing high quality
services to its clients.Launched on July 1st 2016, American Hellenic Hull
Insurance Company is a joint venture between Hellenic Hull Management,
a Cypriot-Hellenic maritime underwriter with more than 25 years of
experience, and the century-old American P&I Club.
American Hellenic Hull is a private marine insurance company, which covers hull and machinery risks for most classes of vessel, including general cargo vessels, dry bulk carriers, all types of tanker, container ships, gas carriers and passenger vessels.
The company, which is registered in Limassol, Cyprus, is 100% owned and financially backed by the American P&I Club and exclusively managed by Hellenic Hull Management. The company is the first marine insurer licensed in Cyprus under the requirements of the Solvency II regime.
The first-ever marine underwriter
in Cyprus licensed under the Solvency II regime
The Solvency II Capital Requirement establishes the amount of capital to be held by an insurance entity in order to ensure that ruin occurs no more often than once in every 200 cases or, alternatively, that the company will still be in a position, with a probability of more than 99.5% to meet its obligations to policy holders and beneficiaries for the following 12 months. American Hellenic has successfully passed all additional Solvency II financial and operational stress tests. Solvency II is the framework for a single EU insurance market with enhanced standards of consumer protection.
Motivated
highly-educated and experienced executives
American Hellenic Hull’s experienced executive team has a two-decade track record of successfully navigating the marine market. Through dedication and flexibility, the managers are able to provide secure and sometimes innovative solutions for the individual client, and suited to the characteristics of each relationship. They stand ready to support their clients anytime around the globe. The team’s decision-making is guided by a long-term view of the maritime adventure and a firm belief in the sustainability of the shipping industry.
We provide
the highest standards of service to clients
At AHHIC we look for partners who share a similar philosophy and vision. In recruiting executives and other staff we look for engagement with our vision in addition to ability, loyalty, consistency and formal and experiential qualifications. Quality is our guiding light and our ethos is that we can only be as good as our clients and the services we provide to them. We ensure that these beliefs are central to our culture, and that they are discussed continually with employees.
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