The biggest global protection-and-indemnity (P&I) broking operation has been created by the merger of two renowned Italian specialists, PL Ferrari and BseaG.

The two companies have an impressive list of Mediterranean shipowner clients and are coming together in a non-cash deal that paves the way for further international expansion.

The merged venture will trade as PL Ferrari, the Genoa-based company that pioneered P&I broking 55 years ago.

Both