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.
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.
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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.
AEU received the coveted Hot Streak award from Great American which signifies excellence in underwriting and partnerships with insureds that are committed to safety.
AEU received the Outstanding Culture Award from AmWINS Group, Inc. in recognition of their service to ALMA members who suffered damage related to Hurricane Michael.
A strategic development department was formed to guide the expansion of AEU products and services provided to waterfront employers.