WARREN, N.J., Aug. 19 /PRNewswire-FirstCall/ -- 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The action by The Burma Campaign UK to place Chubb on its list of noncompliant companies was based on an out-of-date, erroneous list of independent service providers on Chubb's website, which has since been corrected.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.

Source: Chubb

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