AEU is the program administrator for ALMA. In addition, AEU has binding authority with Great American Insurance Company and PMA to provide a companion State Act Workers’ Compensation program. AEU also has an underwriting agreement with Lloyd’s of London syndicate Novae to provide Maritime Employers’ Liability.
AEU has its beginnings in the maritime industry, and this background has yielded invaluable knowledge and experience. We understand this business inside and out, and we put this understanding to work in everything we do.
AEU has established strong relationships with brokers who service maritime companies including ship builders, ship repairers, marine terminal operators, stevedores, steamship agents, marine contractors and other waterfront businesses.
AEU's expertise in underwriting, loss control, and claims produces a combination of best in the industry services, which ultimately help members improve their safety practices and procedures, resulting in fewer losses and lower claims costs; thereby enabling members to reduce their cost of USL&H insurance. This has been repeatedly demonstrated and documented.
AEU’s marine insurance background, dedication to providing superior service to ALMA members and trusted relationships with their brokers strategically positions AEU to continue to strengthen, protect and grow the ALMA membership.