American Hellenic Hull Insurance Company (AHHIC) has already provided cover for 1,000 vessels managed from Europe, the Americas and Asia, said said Vincent Solarino, Chairman of the Board of Directors of AHHIC and President and COO of Shipowners Claims Bureau, managers of the American Club.
The company’s remarkable initial success that exceeds targets for first six months, underlines its ability to become a global player in the marine hull market as well as industry recognition of AHHIC’s backers and managers, he said.
At the American Club we are very proud of the company and I am happy to say that American Hellenic is performing even better than we expected, he added.
AHHIC gained its license as a Solvency-II compliant insurer from regulators in Cyprus
on June 24th 2016. The capital strength of AHHIC is one of its greatest assets and the company has a Solvency II capital ratio of 211% at December 2016.