American Hellenic Hull provides a range of insurance products to cover the evolving risks of the shipping industry, in compliance with the requirements of Solvency II. It covers hull & machinery and war risks for most main classes of vessel, including general cargo vessels, dry bulk carriers, all types of tanker, container ships, gas carriers and passenger vessels.
American Hellenic Hull is the first marine insurance company licensed in Cyprus under the Solvency II regime’s requirements. The Solvency II Capital Requirement reflects the economic capital to be held by an insurance undertaking in order to ensure that ruin occurs no more often than once in every 200 cases or, alternatively, that this undertaking will still be in a position, with a probability of more than 99.5%, to meet its obligations to policy holders and beneficiaries over the following 12 months.
American Hellenic gives triple protection to policyholders, because it has successfully passed all additional financial and operational Stress Tests required by the Solvency II regime and holds economic capital to meet its projected obligations to policy holders and beneficiaries.