American Equity Underwriters
AEU is the program administrator for a group mutual association based in Bermuda, American Longshore Mutual Association, Ltd. (ALMA), which is authorized to provide USL&H by the U.S. Department of Labor.
In addition, AEU has binding authority with Great American Insurance Company and PMA to provide a companion State Act Workers’ Compensation program. AEU also has an underwriting agreement with Lloyd’s of London syndicate Novae to provide Maritime Employers’ Liability.
AEU has its beginnings in the maritime industry, and this background has yielded invaluable knowledge and experience. We understand this business inside and out, and we put this understanding to work in everything we do.
AEU has established strong relationships with brokers who service maritime companies including ship builders, ship repairers, marine terminal operators, stevedores, steamship agents, marine contractors and other waterfront businesses.
AEU’s expertise in underwriting, loss control, and claims has produced a combination of best in the industry services producing improved experience for members, resulting in fewer losses, lower claims costs and thereby enabling members to reach their optimized target premium rate. This has been repeatedly demonstrated and documented.
AEU’s marine insurance background, strong customer service and established relationships with their brokers strategically position AEU to continue to expand its position as the market of choice for waterfront businesses.
Categories: Associate Member