The club is entering the 2026 policy year in a solid position and is ready to maintain its positive momentum. It projects a total premium income of $145 million for all classes of business

The American Club has reported positive developments for the 2026 renewal across all lines of business. Gross tonnage for the Club’s Class I (mutual P&I) entries increased modestly at the turn of the renewal at Noon GMT 20 February 2026, while the tonnage position since the 2025 renewal has increased by 5% and over the same period, Class I premiums have grown by 6%. The Club’s Class II (mutual FD&D) and Class III (charterers’ liability) portfolio were renewed for 2026 on a similar basis.

Eagle Ocean Marine,

Eagle Ocean Marine, the Club’s fixed premium facility, which serves the operators of smaller vessels in domestic and regional trade, continues to benefit the Club as it carries an overall historical net loss ratio of 80%. The 2024/25 facility year and the current 2025/26 facility year, while still in active periods of development as the facility year runs to July of each year, are each currently tracking better than all preceding years, which follows portfolio management refinement undertaken in 2022/23.

The underlying conditions of coverage.

Through a combined approach of premium rate change in tandem with adjustments to underlying conditions of cover, the Club achieved its goals for the 2026 renewal. Encouragingly, the Club had a 97% retention rate at the renewal, the highest level in several years, reflecting Members’ satisfaction, loyalty and trust. Direct claims exposure is tracking within budget, with pool contributions emerging at lower levels than in 2024. Investment performance has been positive with 2025 reflecting an overall return of 8.7%. 

With these developments, the Club embarks on the 2026 policy year in a solid position and is poised to continue the positive track with a projected total premium income for all classes of business, including Eagle Ocean Marine, of $145 million.

About : Eagle Ocean Marine

Eagle Ocean Marine (EOM) is a specialized marine insurance facility that provides fixed-premium Protection and Indemnity (P&I) and Defence insurance, primarily targeting smaller vessel operators. It is managed by Eagle Ocean Agencies, Inc., an affiliated company of the Shipowners Claims Bureau, Inc. (the managers of the American P&I Club)

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About : The American Club 

American Steamship Owners Mutual Protection and Indemnity Association, Inc. (the American Club) was established in New York in 1917. It is the only mutual Protection and Indemnity Club domiciled in the United States – indeed, in the entire Americas. The Club is a member of the International Group of P&I Clubs, a collective of twelve mutuals which together provide Protection and Indemnity insurance for some 90% of all world shipping.

Protection and Indemnity insurance (commonly referred to as "P&I") provides cover to shipowners and charterers against third-party liabilities encountered in their commercial operations. Responsibility for damage to cargo, for pollution, for the death, injury or illness of passengers or crew and for damage to docks and other installations are examples of typical exposures.

Running in parallel with a ship's hull and machinery cover, traditional P&I such as that offered by the American Club distinguishes itself from ordinary forms of marine insurance by being based on the not-for-profit principle of mutuality where Members of the Club are both the insurers and the assureds.

As a consequence, the breadth of cover offered by the American Club is unsurpassed in its range. The Club's insurance conditions are contained in its Rules. These are divided into three Classes covering Protection and Indemnity, Freight, Demurrage and Defense (FD&D), and insurance for charterers' risks. There exists also a discretionary power vested in the Club's Board of Directors who, as is typically the case with P&I mutuals, are representatives of the Club's Members.

Related : The Swedish Club reports 99% retention and increased tonnage at 2026 renewal

Source : Press - Release received by Maritime Tickers

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