Positive developments at American Club

The American Club has reported positive developments regarding the renewal of its P&I insurance for the year 2026. As of the renewal date on February 20, 2026, at 12 PM GMT, the gross tonnage of Class I (Mutual P&I) club members increased moderately. Compared to the renewal in 2025, the tonnage saw a rise of 5%, while premiums in this class grew by 6%. The portfolios of Classes II (Mutual FD&D) and III (Liability for Charterers) were also renewed under similar conditions.

Eagle Ocean Marine, the club’s fixed premium structure serving operators of smaller vessels in national and regional trade, also shows positive results. This segment has a historical net loss ratio of 80%. The years 2024/25 and 2025/26, which are still in the active development phase, demonstrate better performance than all previous years. This is the result of portfolio adjustments made in 2022/23.

Through a combination of premium adjustments and changes to the underlying insurance conditions, the club was able to achieve its renewal goals for 2026. Notably, the retention rate of 97% represents the highest value in several years and indicates member satisfaction and loyalty. Direct claims are within the budgeted range, while pool contributions are lower than in 2024. The investment return for 2025 amounted to a total of 8.7%. With these developments, the club enters the insurance year 2026 in a stable position and expects total premium income across all business areas, including Eagle Ocean Marine, of $145 million.

Tom Hamilton, Chief Underwriting Officer of SCB, Inc., the managers of the American Club, commented on the renewal results in New York: “The results of the 2026 renewal of the American Club are based on the dynamic processes implemented in recent years to address the volatile risk landscape in the maritime sector. The club’s approach to disciplined underwriting remains a matter of prudence with a focus on the sustainability of premiums, while the overarching ethos is to be a committed solution provider across all service areas.”

The American Club, officially known as the American Steamship Owners Mutual Protection and Indemnity Association, Inc., was founded in 1917 in New York and is the only mutual P&I club in the Americas. The club provides comprehensive liability insurance for the maritime sector and is the only American member of the International Group of P&I Clubs, which together insure approximately 90% of the world’s deep-sea fleet. The daily management of the club is carried out by the Shipowners Claims Bureau, Inc., which is also based in New York.

www.american-club.com