UK insurance companies helping Myanmar’s brutal regime

UK underwriters ‘helping Myanmar’s brutal regime’

Teak Door, Burmese weekly

Monday July 28, 2008
By Nick Mathiason

The London insurance connection propping up the murderous Myanmar military dictatorship can be revealed in a development that will acutely embarrass leading City of London figures.

Three Lloyd’s of London operators will be named as helping to insure the junta’s state-owned airline Myanma Airways this year. They are Kiln, Atrium and Catlin. All were contacted by the Observer and asked to explain their involvement but refused to comment.

Other Lloyd’s syndicates have shared the risk of insuring the junta’s shipping interests. Without shipping and aviation insurance, the Myanmar Government would not be able to export gems, timber, clothing, oil and gas, which would lead to economic ruin for the generals running the oppressed southeast Asian nation.

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