The American Club Buys Hull Insurer

The American Club has invested in the new Cyprus-based American Hellenic Hull Insurance Company, as part of its expansion into the global hull & machinery segment.

American Hellenic will be a Cyprus-based and licensed, Solvency II compliant, wholly-owned American Club subsidiary, managed from Piraeus, Cyprus and New York.

The American Club will now not only be able to offer marine protection and indemnity cover, but also will provide a product line of marine insurance including hull & machinery, war risk, and mortgage interest insurance.

“The Board of Directors carefully assessed the value of this business opportunity and voted unanimously in favor of supporting the American Hellenic hull insurance initiative,” Chairman of the American Club’s Board of Directors, Arnold Witte, said.

”This is a historic moment in the Club’s long history and, through the dedication and ingenuity of the Club’s Managers and Board Directors, sparked by the idea of Board member Angelos Kostakos, represents a unique opportunity to prudently expand our market footprint, and bodes well for the future of the American Club.”

Share this article

Follow World Maritime News

In Depth>


<< Jan 2020 >>
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >


Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >