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Bluewater hull risks are among the most
complex underwriting challenges in the industry. The American Hull
Insurance Syndicate understands the shipping business and the challenges
faced by its clients and is proud to be known as a world leader in this highly
technical coverage.
The ability to judge risk and assign value requires training, tested
expertise and years of field experience. It also demands an understanding
of the industry, the operator, and the vessel being insured. Our
underwriters have a thorough knowledge of the shipping business. They
attend and participate in maritime related seminars and workshops, and are
aware of industry trends and changes. Whenever possible, we try to develop
a personal relationship with our insureds to help us better understand
their particular operation and insurance needs.
As part of our underwriting process, we try to go beyond the usual
assessment of a ship owner's premium and loss history. Our goal is to
achieve as complete an understanding of a ship owner's operation as
possible. This requires learning about the management background, ISM
procedures, crewing standards, classification societies and trade, as well
as claims history and other related information. It is this attention to
detail and thorough collection and analysis of data that enables our
underwriters to develop coverage solutions, custom designed to meet our
clients' specific marine insurance needs.
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