Chubb Responds to The Burma Campaign UK's Inaccurate News Release
19/08/2008 23:16
PR Newswire
WARREN, New Jersey, August 19 /PRNewswire/ --
In response to a news release, "XL, Chubb Pull Out Of Burma," issued
today by The Burma Campaign UK, The Chubb Corporation issued the following
statement:
The news release issued today by The Burma Campaign UK contains numerous
inaccuracies with respect to The Chubb Corporation and its response to The
Burma Campaign UK's inquiry. For at least 11 years, Chubb has had in effect a
policy that bars its member companies from maintaining an office in Burma,
directly writing insurance in Burma, providing insurance into Burma from
outside the country or entering into any transaction with the government of
Burma.
The action by The Burma Campaign UK to place Chubb on its list of
noncompliant companies was based on an out-of-date, erroneous list of
independent service providers on Chubb's website, which has since been
corrected. Chubb so informed The Burma Campaign UK on August 8, and Chubb
subsequently received a letter from The Burma Campaign UK that it has
corrected the report on its website to remove Chubb from its noncompliant
list.
Chubb is therefore at a loss to understand why The Burma Campaign UK
would on August 19 issue a news release which clearly implies -- incorrectly
-- that Chubb has an office in Burma and that Chubb only now is revising its
Burma policy and "pulling out of Burma" in response to Chubb being included
on The Burma Campaign UK's noncompliant list. We have asked The Burma
Campaign UK to correct its misleading news release.
Mark Greenberg of Chubb, +1-908-903-2682
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