The Club  achieved its goals for the 2026 renewal through a combined approach of premium rate changes and adjustments to the underlying conditions of coverage. 

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

The Club continues to benefit from Eagle Ocean Marine,

The Club continues to benefit from Eagle Ocean Marine, its fixed premium facility for smaller vessels in domestic and regional trade. This facility has an overall historical net loss ratio of 80%. While still in active development periods, the 2024/25 and 2025/26 facility years are each currently performing better than all preceding years. This improvement follows the portfolio management refinements undertaken in 2022/23.

.The Club achieved its goals for the 2026

.The Club says it achieved its goals for the 2026 renewal through a combined approach of premium rate changes and adjustments to the underlying conditions of coverage. Encouragingly, the Club had a 97% retention rate at renewal, the highest in several years. Direct claims exposure is within budget, and pool contributions are lower than in 2024. Investment performance has been positive, with an overall return of 8.7% in 2025. Given these developments, the club is poised to embark on the 2026 policy year in a solid position and continue its positive trajectory, with a projected total premium income of $145 million for all classes of business, including Eagle Ocean Marine.

Address the volatile marine risk landscape

Tom Hamilton (pictured), the chief underwriting officer of SCB, Inc., managers of the American Club, said: "The American Club's 2026 renewal results build upon the dynamic processes implemented in recent years to address the volatile marine risk landscape. We are pleased with the 97% retention rate at the 2026 renewal, as well as the additional tonnage committed to the club for entry over the next few months. The club's disciplined underwriting approach remains prudent, focusing on rate sustainability, while the overarching ethos is to be a dedicated solutions provider across all service divisions. We thank our members, their brokers, the board of directors, our reinsurance partners, and, of course, all our colleagues around the world for their support during this renewal.”

About : The American Club 

The American Steamship Owners Mutual Protection and Indemnity Association, Inc. (the American Club), was founded in New York in 1917. It is the only Protection and Indemnity Club domiciled in the United States—indeed, in all of the Americas. The American Club is a member of the International Group of P&I Clubs, a collective of twelve mutual insurance companies that together provide P&I insurance for approximately 90% of the world's shipping fleet.

P&I insurance provides coverage for shipowners and charterers against third-party liabilities encountered in their commercial operations. Examples of typical exposures include responsibility for damage to cargo, pollution, the death, injury, or illness of passengers or crew, and damage to docks and other installations.

Traditional P&I, such as that offered by the American Club, runs in parallel with a ship's hull and machinery coverage. It distinguishes itself from ordinary forms of marine insurance by being based on the not-for-profit principle of mutuality, whereby members of the club are both the insurers and the insured.

About : Eagle Ocean Marine

Eagle Ocean Marine - widely known as EOM - is an American Club fixed premium facility offering gold standard International Group club service, underpinned by the impeccable security of reinsurance at Lloyd's.

Operated by Eagle Ocean Agencies, Inc., the facility offers full protection and indemnity (P&I) and freight, demurrage, and defense (FD&D) coverage up to policy limits of $500 million for P&I and $2 million for FD&D.It is intended mainly for the operators of smaller ships in local and regional trades. Coverage is available to operators worldwide, except those based in the United States or trading exclusively in U.S. waters. This facility has unmatched global capabilities, with offices in New York, London, Piraeus, Hong Kong, and Shanghai, as well as a full network of claims agents worldwide.

Eagle Ocean Agencies, Inc., the operator of the facility, is an affiliated company of Shipowners Claims Bureau, Inc., the managers of the American P&I Club, as well as Atlantic Marine Associates, Inc., a provider of general marine adjusting, claims handling, surveying, and consultancy services. Thus, Eagle Ocean Marine is able to draw upon a wealth of professional expertise derived from the broadest industry experience and associated skills

Eagle Ocean Marine aims to provide attentive, reasonably priced insurance to operators who prefer a fixed premium to a mutual club product and have high expectations of their insurers. These operators recognize the value of superior insurance. Eagle Ocean Marine distinguishes itself from its competitors by providing excellent security and cost reliability, as well as a breadth of services, depth of expertise, and speed of response derived from its well-established club management pedigree.

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Source : Press - Release received by Maritime Tickers

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