About AEU

We understand 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.

aeu employees at a table
IBA 5-Star Program Administrator/Manager 2021

At AEU, we do things differently.

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. 

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

Video: Our Story


The leader in longshore for more than 20 years.



Waterfront employers trust AEU with their USL&H needs

$4.8 billion

Total payroll (including State Act) of members


Member retention rate

20+ years

providing USL&H to waterfront employers

$180 million

Total annual premium contributions



Provider of USL&H coverage by member count

Longshore is in our DNA.

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, we at 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, Ltd. (ALMA) was founded in 1997, with AEU providing administration services including claims handling, loss control, and underwriting. As ALMA grew, we added longshore consulting and leadership training to AEU’s services.


ALMA bound its first policy on October 1, 1997.

person in ppe with arms raised at cargo containers