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Article

25 Sep 2008

Author:
Burma Campaign UK

Lloyd’s Secret Burma Profits

As Lloyd’s unveiled half –year profits of $1.76bn, the Burma Campaign UK today called on the company to come clean on how much of its profits are made from its involvement in military ruled Burma. Despite repeated requests for Lloyd’s to reveal the full extent of its involvement in Burma, Lloyd’s refuses to do so. It has also refused to call on member companies to end their involvement in Burma... Research has revealed that three members of the Lloyd’s market, Catlin, Atrium (owned by Ariel Re) and Kiln (owned by Tokio Marine), are involved in Burma. Despite repeated requests Lloyd’s has refused to state how many other member companies are also involved.