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The American Equity Underwriters, Inc. The American Equity Underwriters, Inc.

About AEU

A Leader in USL&H for More Than 20 Years

The American Equity Underwriters, Inc. (AEU) is the program administrator of the American Longshore Mutual Association Ltd (ALMA), a group self-insurance fund authorized by the U.S. Department of Labor to provide USL&H coverage for the liabilities of its members under the United States Longshore & Harbor Workers’ Compensation Act. 

With decades of experience in the maritime industry and a strong commitment to our members, AEU is the leading specialist in USL&H. We’ve helped make safety a priority for waterfront employers for more than 20 years — and we’re determined to help our members continually reduce risks for the benefit of their employees and our industry as a whole.

When you become an ALMA member, you join a family of industry experts with decades of experience and a passion for longshore. In addition to our unique claims, loss control, and underwriting services, our members are provided with the resources and services they need to stand out as leaders — and as a result, we stand out as the preferred USL&H provider. 

Working with AEU

Having grown from a foundation in the maritime industry, we have a profound understanding of the importance of partnering with the right USL&H provider.  AEU provides services to members of ALMA including claims handling, loss control, underwriting, longshore consulting and leadership training. 

Shipbuilders, ship repairers, marine terminal operators, stevedores, marine contractors and other waterfront employers may apply for ALMA membership through their insurance broker.  



provider of USL&H by member count



ALMA members


$3+ billion

annual payroll generated by members



member retention rate


$25.5 million

returned to members last year


$150+ million

annual premium contributions

Our History

AEU was originally a wholly-owned subsidiary of a large and well-established U.S.-based maritime service company . At a time when insurance companies were steadily increasing costs while decreasing services that would help control those costs, AEU believed the maritime industry would be more justly served by an insurance provider that operated under a mutual structure, designed to protect and strengthen the membership rather than serve stockholders.

With this mission in mind and a firsthand understanding of waterfront employers’ needs, the American Longshore Mutual Association (ALMA) was founded in 1997, with AEU providing administration services including claims handling, loss control, and underwriting. As ALMA grew, AEU added longshore consulting and leadership training to its services.

In 2007, AEU was purchased by AmWINS Group, Inc., one of the largest and most well-respected specialty insurance distribution firms in the world. Partnering with a global leader in insurance provides AEU with additional resources to serve the needs of ALMA members.



ALMA binds its first USL&H policy on October 1.


AEU’s loss divisor program is introduced, allowing members to be held accountable for their own performance rather than being tied to a guaranteed cost.


York Claims Expert (YCE), AEU's online claims management system, is introduced to the ALMA membership. 


The AEU Safety Committee holds its first meeting. This small meeting would later grow to become the AEU Safety & Claims Forum, a highly regarded event for maritime safety and claims professionals.

Jack Martone, former U.S. Department of Labor Chief of Financial Management and Insurance and Acting Director of the Division of Longshore and Harbor Workers’ Compensation, joins AEU as a valuable resource for members and brokers.

AEU’s Continuing Education courses launch.


ALMA celebrates its 10th year providing USL&H coverage. 

AEU is acquired by AmWINS Group, Inc., a leading global specialty insurance distribution firm.

AEU’s dedicated subrogation department is created to review every open claim for subrogation potential, remaining thoroughly involved until the claim resolves. 

AEU’s online claims reporting tool is introduced.

The AEU Safety Awards program is introduced to recognize

ALMA members with industry-leading safety programs.


AEU’s Loss Control team introduces monthly Safety Bulletins to share timely and informative safety guidelines with members.

AEU’s Longshore Blog is introduced.

AEU moves into their new home office at the RSA BattleHouse Tower in Mobile, Alabama.

AEU forms a partnership with Big Brothers Big Sisters of South Alabama as the first local company - and one of the first nationwide - to become a Big Brothers Big Sisters Corporate Sponsor.


American Equity Risk Services (AERS), a dedicated claims unit formerly housed within F.A. Richard & Associates, officially joins the AEU family.


AEU offices open in Metairie, Louisiana and Seattle, Washington. 

Designed for members with fewer employees, Advantage by AEUTM is launched to provide these employers with loss control and claims services that most insurance providers only provide to larger policyholders.


The ALMA Member Advisory Council is founded as a group comprised of forward-thinking ALMA members who help AEU align both current and future products and services with member needs.


The AEU Safety Benchmark is introduced as a means of benchmarking individual ALMA members’ safety programs against their peers.

AEU Compass™ Dashboard, a proprietary account performance metrics dashboard, is introduced to ensure ALMA members always know the factors used in determining their rate.


The AEU LEAD® program launches a series of workshops for ALMA members.

AEU launches a dedicated medical management unit to seek new ways to drive down the costs of claims through contract negotiations, provider management and more.


AEU creates Managing Director position to ensure that underwriting, claims management, loss control and other services provided to members and brokers meet AEU’s high standards of performance.

AEU is named to the MarineNews 100, an annual list recognizing excellence in workboat, offshore, inland and coastal marine sectors.

AEU’s new Member Forum was launched as a resource for ALMA members to tap into the expertise of AEU and fellow members.
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