West of England P&I premiums “no longer sustainable” at it imposes 7.5% increase at renewal

The West of England P&I Club’s premium levels are “no longer sustainable” and the mutual will not meet its targeted 100 percent combined ratio for the current policy year, with members facing a general increase of 7.5 percent for P&I and freight, demurrage and defence (FD&D) coverage at renewal in response.