QBE denies it’s trading in Burma
QBE has denied a report that it’s a player in the Burmese insurance market.
Australia CEO Terry Ibbotson says the group “has no association with Burma’s military dictatorship, no operations in Burma and has no agent within Burma”.
QBE is one of 16 insurance companies named in a report from the London-based Burma Campaign UK. The report, Insuring Repression, lists insurers from around the world that it says directly and indirectly fund the Burmese regime by underwriting the regime-owned Myanma Insurance.
A further 211 companies are on the Burma Campaign’s “shamed list” of companies who failed to clarify if they provide insurance services to businesses in Burma, while 215 companies made the “clean list”.
Among the clean companies are Allianz, Zurich, Axa and Aon. Willis ended its involvement in Burma after being “named and shamed” in a previous Burma Campaign report.
The report calls on insurance, reinsurance companies and brokers to stop providing insurance services to companies in Burma and governments to ban them from doing so.
It also urges investors and shareholders to examine human rights abuses committed by the Burmese regime and lobby their companies to stop trading in Burma.
Australia CEO Terry Ibbotson says the group “has no association with Burma’s military dictatorship, no operations in Burma and has no agent within Burma”.
QBE is one of 16 insurance companies named in a report from the London-based Burma Campaign UK. The report, Insuring Repression, lists insurers from around the world that it says directly and indirectly fund the Burmese regime by underwriting the regime-owned Myanma Insurance.
A further 211 companies are on the Burma Campaign’s “shamed list” of companies who failed to clarify if they provide insurance services to businesses in Burma, while 215 companies made the “clean list”.
Among the clean companies are Allianz, Zurich, Axa and Aon. Willis ended its involvement in Burma after being “named and shamed” in a previous Burma Campaign report.
The report calls on insurance, reinsurance companies and brokers to stop providing insurance services to companies in Burma and governments to ban them from doing so.
It also urges investors and shareholders to examine human rights abuses committed by the Burmese regime and lobby their companies to stop trading in Burma.