The American Club celebrates its centenary with book launch
Source: Asia Insurance Review | Feb 2017
The American Club is celebrating its 100th anniversary this month. Founded in New York in February 1917, the international P&I insurer, the only P&I insurer in the Americas, has published a book entitled The American Club: A Centennial History to celebrate its first hundred years.
The book tells the history of the Club and maritime and marine insurance history both within the United States and across the world. Its author is Mr Richard Blodgett, a former Wall Street Journal reporter.
The American Club admitted its first foreign-flagged member in 1980 and implemented a major strategy for growth and diversification in 1995 and became a full member of the International Group of P&I Clubs in 1998. Since then, it has seen international membership expansion, the establishment of overseas offices and the development of new insurance lines. Members domiciled outside North America account for about 85% of the Club’s insured tonnage.