Burma Campaign UK
Burma Campaign UK added five British insurance companies to the ‘Dirty List’ after they failed to give a commitment to stop providing insurance cover for deliveries of aviation fuel to Burma. The five companies are: UK P&I, Steamship Mutual, Britannia P&I, North Standard and Shipowners’ Club. They are mutual insurance clubs which have provided insurance …
As evidence grows of British companies’ involvement in Burma’s gas industry, Burma Campaign UK is calling on the British government to sanction the military-controlled Myanmar Oil and Gas Enterprise. The British government must take action to prevent British companies being involved in Burma’s gas industry, which earns the Burmese military more than $2bn a year. …
In a major victory for the Burma Campaign UK’s Insurance Campaign, QBE Insurance has announced it has cancelled insurance it provided to Burma and is to cease providing insurance to companies operating in the country. QBE is the largest managing agent at Lloyd’s of London and describes itself as “Australia’s largest international general insurance and …
The Burma Campaign UK today called on the British Government to investigate if UK registered insurance companies have bribed the Burmese junta. The call follows insurance giant, Aon, being fined £5.25 million last week for financial crimes, including reportedly bribing a junta owned company. “Corruption is endemic in Burma, the Financial Services Authority must now …
Supporters of the Burma Campaign UK sent one email a minute to the management of Lloyd’s of London, last week, urging them to stop Lloyd’s syndicates insuring companies in Burma. The email campaign, launched Wednesday, targeted the senior management of Lloyd’s and was copied to the management of Lloyd’s syndicates that are known to insure …
Two major insurers are pulling out of Burma only three weeks after the Burma Campaign UK published its report, Insuring Repression, highlighting how insurance companies have facilitated the flow of billions of dollars to the Burmese regime. The companies, XL and Chubb, separately announced the withdrawals in statements to the campaign. XL Capital stated that …
Read the report here: http://www.burmacampaign.org.uk/insurance.php The Burma Campaign UK today publishes a groundbreaking new report exposing how foreign insurance companies have facilitated the flow of billions of dollars to the Burmese regime, money that hasn’t benefitted Burma’s people and has instead been used to finance campaigns of repression and ethnic cleansing. The report, named Insuring Repression, …