Eagle Ocean Marine embarks on 10th year of business

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Eagle Ocean Marine (EOM), the American Club’s facility providing fixed P&I cover chiefly to the operators of smaller vessels in local and regional trades, has entered its 10th year of business.

EOM’s primary security is provided by the American Club. However, unlike the American Club, EOM’s facility years commence on July 01. EOM traditionally arranges its reinsurance programs for the following 12 months from that date. The renewal of this program was recently completed on favorable terms, mainly with underwriters with Lloyd’s, EOM said.

Since 2015, EOM has posted a compound premium growth rate of about 17% per year, with

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American Eagle says it’s seeing ‘pent-up demand’ as stores reopen

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Matthew Mitchell, center, talks with customers as Sierra Phillips adjusts a denim display at the American Eagle/Aerie store at Easton Town Center in Columbus, Ohio on May 15, 2020.

Andrew Spear | The Washington Post | Getty Images

American Eagle Outfitters thinks it is the best retailer in the mall. And it’s stock is soaring. 

“We think we are getting more than our fair share of pent-up demand,” American Eagle Chief Financial Officer Mike Mathias said Wednesday morning during an earnings conference call with analysts, explaining how sales are bouncing back quicker than expected amid the Covid-19 crisis. 

“And there

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American Eagle pulls annual forecast on coronavirus worries; shares plunge

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FILE PHOTO: Clothing is seen for sale in an American Eagle Outfitters retail store in Manhattan, New York, U.S., May 13, 2016. REUTERS/Mike Segar

(Reuters) – Shares of American Eagle Outfitters Inc (AEO.N) dropped 14% on Wednesday after the apparel retailer withdrew its full-year forecast and said current-quarter results would be significantly hit by coronavirus-related store closures.

The owner of the Aerie clothing brand said it saw signs of falling customer traffic and waning demand early in March before announcing nationwide store closures later that month. (bit.ly/2RXDpps)

Like several U.S. companies, the retailer has already suspended

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