Largest Lloyd’s Managing Agent Pulls Out of Burma - Cancels Burma Insurance

Author: Burma Campaign UK, Published on: 10 March 2009

..QBE Insurance has announced it has cancelled insurance it provided to Burma and is to cease providing insurance to companies operating in the country…In a statement to the Burma Campaign UK, Frank O’Halloran, QBE’s Chief Executive said: “QBE has reviewed its various portfolios around the world and has cancelled the few incidental Burmese exposures on multinational insurance policies which could have a direct or indirect benefit for the current ruling party in Burma…” Johnny Chatterton, Campaigns Officer at the Burma Campaign UK [said] “QBE’s welcome decision shames insurers like Catlin and Atrium that continue to help fund the Burmese regime.”…[Other companies that have] taken the decision not to provide insurance to companies in Burma…include AIG, ALLIANZ, Aon, AVIVA, AXA, ING, Munich Re, SCOR, Swiss Re, Willis.

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Related companies: AIG Allianz Aon Atrium Underwriting (part of Ariel Holdings) Aviva AXA Catlin ING Lloyd's of London Munich Re QBE Insurance SCOR Swiss Re Willis