International Campaign for Freedom of Aung San Suu Kyi and Burma


Thursday, August 28, 2008

[BurmaCampaign] Campaign Success - Insurers pull out of Burma

Dear Friends,

Thank you to everyone who has taken a few minutes and written to the
companies on our Insurance Dirty List.

One month ago we published the list and already we have made great progress.

SUCCESS! In the past fortnight 2 companies on our Insurance Dirty List, XL
and Arig, have confirmed that they have pulled out of the Burmese Insurance
market. Another company, Chubb, a major US insurer, has confirmed that it
bars its member companies from maintaining an office in Burma.

This is a big step forward for our campaign and puts even more pressure on
the companies that are still involved especially Lloyd¹s of London
http://www.burmacampaign.org.uk/insuranceaction.php#DL.

If you ever wondered why we ask you to write to companies this is why. It
works.

TAKE ACTION - KEEP THE PRESSURE UP

This is just the beginning. Over the coming months we will continue to
campaign against all the companies that help to finance Burma¹s generals.
With your help we will continue to make a difference.

If you haven¹t done so already please email the companies on our Insurance
Dirty List http://www.burmacampaign.org.uk/insuranceaction.php and tell
them why they should follow XL and Arig¹s example and pull out of the
Burmese market. Just click here:
http://www.burmacampaign.org.uk/insuranceaction.php

Follow the link to find a letter to edit and send. We now have email
addresses for all the companies on the list.

Please take a minute right now and write to these companies.
http://www.burmacampaign.org.uk/insuranceaction.php

Thanks

Johnny and the Burma Campaign UK team.

P.S As ever please send us any responses you receive.

P.P.S. The press have been writing about the story: The Telegraph covered it
http://tinyurl.com/6mm3t4 so did the Irrawaddy http://tinyurl.com/6e5ldj and
it
was the most read article on Insurance Times last week
http://tinyurl.com/6dbrzb.

Our press release for Arig's withdrawal is below

Another Insurer pulls out of Burma ­ UK government must act
26 Aug 2008

Arab Insurance Group (Arig) has confirmed that it has pulled out of the
Burmese insurance market. The company¹s involvement with Burma was exposed
one month ago by the Burma Campaign UK¹s report, Insuring Repression. Last
week it was announced that another insurer, XL, had withdrawn from the
market.

³This is excellent news, Arig have acted responsibly in pulling out of
Burma,² said Johnny Chatterton, Campaigns Officer at the Burma Campaign UK.
³The time has come for governments to take action and shut down the regime¹s
financial lifeline. Today we reiterate our call for the UK government to
take the lead and push for EU wide targeted financial sanctions that stop
insurance companies helping to finance the military junta².
In a company statement Arig said: "After a review of the current situation
Arig has taken the corporate decision to refrain from renewing any of the
isolated risks previously written in Myanmar".

Unlike the United States of America, the EU does not have any sanctions on
the insurance industry. This omission allows EU insurers to continue to
provide insurance and reinsurance to companies that fund the Burmese junta.
While some of the world's leading insurance companies have now taken the
decision to stop providing insurance to Burma, there is still no EU policy
to prevent European insurers providing insurance services to Burma.

Lloyd¹s of London cite the lack of sanctions as the chief defence for the
actions of their members who continue to be involved with Burma. Three
members of the Lloyd¹s market are on the Insurance Dirty List, Catlin,
Atrium and Tokio Marine. There are 14 companies on the list.
The report, Insuring Repression, is available here:
http://www.burmacampaign.org.uk/insurance.php

--
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The Burma Campaign UK
Registered Company No. 3804730
Registered office address
28 Charles Square
London N1 6HT

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6 comments:

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The Burma Campaign in the South-East Asian Theatre of World War II was fought primarily between British Commonwealth, Chinese and United States forces against the forces of the Empire of Japan, Thailand, the Burmese Independence Army and the Indian National Army. The campaign had a number of notable features. The geographical characteristics of the region meant that factors like weather, disease and terrain had a major effect on operations.
-------------

Adam

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As Daw Aung San Suu Kyi proclaimed,

As Daw Aung San Suu Kyi proclaimed,
"Justice is a dream. But it is a dream we are determined to realize."