American results

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, while the tonnage position since the 2025 renewal has increased by 5 per cent and in the same period, Class I premiums have grown by 6 per cent. 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 per cent.