UK Foreign Office writes to Lloyd's of London to outline its disapproval of company's involvement with Burma

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28 September 2008

Foreign Office warns Lloyd's over Burma [UK]

Author: Nick Mathiason, Observer [UK]

The Foreign Office has written to Lloyd's of London chairman Lord Levene to outline its disapproval that Lloyd's brokers are trading with the Burmese military dictatorship. The letter has forced Levene to write to the insurance market's managing agents last week 'urging them to consider' their involvement with the repressive regime…Lloyd's has historically been involved in Burma, despite international boycotts. Its syndicates reinsure the junta's aviation and shipping interests…Without Lloyd's, campaigners believe the repressive regime would be in economic turmoil.

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26 August 2008

Burma Campaign UK report "Insuring Repression" & company responses

Author: Compiled by Business & Human Rights Resource Centre

Burma Campaign UK published a report, "Insuring Repression - Exposing how the insurance industry supports Burma’s dictators". [Page provides links to press release & full report]...Business & Human Rights Resource Centre invited the 14 companies named in the report's "Insurance Dirty List" to respond to the report:
ACE - has provided a response
Al Wasl Insurance Brokers - has provided a response
Atrium Underwriting [part of Ariel Re] - did not respond
Catlin - did not respond
Labuan Re - did not respond
Lloyd's - has provided a response
Mitsui Sumitomo Insurance - has indicated it will provide a response
OCBC Bank - has provided a response; also includes response by OCBC subsidiary Great Eastern Life
Pana Harrison - did not respond
QBE - did not respond
Sompo Japan Insurance - has provided a response
Target Insurance Brokers - did not respond
Tokio Marine [part of Millea] - did not respond
[Two companies, XL Capital and Arab Insurance Group, were deleted from Burma Campaign's report following their decisions not to insure business in Burma. Page includes links to responses by XL Capital and Arab Insurance Group (Arig) to the Resource Centre, and related press releases by Burma Campaign UK. Also refers to Chubb.]

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