For most of the shipping industry, 2015 was not a good
year. Sluggish economic growth continued to constrain
seaborne trade. An oversupply of tonnage chased dry
bulk earnings lower. Onerous regulation continued to
complicate commerce. Yet in spite of these difficulties,
the American Club made progress in many areas.
Risk pricing remained firm. Retained claims developed
very favorably. Pool exposures continued to moderate.
Investments generated a respectable return. A promising
investment in the hull market was made. Service
capabilities were enhanced. The Club won the Lloyd’s
List 2016 North American Maritime Services Award. On
the eve of its centennial, the American Club looks forward
with confidence to a second century of service to the
global maritime community.