A quick update from the American Club;
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, 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.
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