American Hellenic Hull Insurance Co started out when it took over the book of the former Cyprus-based Hellenic Hull Mutual Association in 2016.

Under the 100% ownership of the American Club, the company then looked to restructure the business from a mutual to non-mutual under the management of Hellenic Hull Management.

It has earned more than $62.2m in gross written premium in the past five years and grown its involvement in the hull and machinery insurance of 928 vessels to more than 3,000 today.