Mediterranean Shipping Co (MSC) — recently crowned as the world’s largest container ship operator — has parted company with protection and indemnity insurer West of England after more than two decades.
The move is one of the biggest amid frenzied club swapping at this year’s P&I renewal. Clubs are calling for double-digit increases in annual premium while also turning up the heat on owners with an adverse claims record, putting them at odds with their shipowner members.
