Cyprus-based American Hellenic Hull has reported dramatic growth in premiums and profits over recent months with January proving particularly strong.

American Hellenic said it has recorded a 16% year-on-year growth of insured tonnage with 2,636 vessels now covered.

The insurer said that between November 2019 and January 2020 its underwriting income had jumped 45% and it had achieved a combined ratio of 88.6%,