Driven by its membership and brokers relationships and the transparency in all aspects American P&I Club has managed to maintain its evolving course in the sector of marine insurance focusing on a dynamic approach to risk assessment.
In a recent presentation at the Marine Club of Piraeus Dorothea Ioannou chief executive officer of the American P&I Club presented the achievements of and the prospects of the Club.
She announced a general increase target of 7,5%, and while supplementary calls were recently levied for the two years of severe disruption, she pointed out that during the downturn of depressed markets post 2010 and softening rates supporting members, that no additional calls had been levied for an 8 year period and deficiencies were absorbed by the Club.
During 2019 to 2021 the shipping market marked by greatest disruption and American Club adapted to the evolving risk landscape.
As she said the American Club represents a significant voice within the industry and reflects the experience and growth of its members continuing to grow together. At the American Club loyalty experienced is valued and performance highly respected with reward remarked Mrs Ioannou.
For 2023 and onward Mrs Ioannou pointed out that the tonnage and premium growth have balanced to risk following a dynamic approach to risk assessment policy.
Difficult years will never disrupt the pro member approach and the highest priority of the American Club is to actively pursue as a solutions provider and partner with its members.
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