Log In

Reset Password

Convex has no comment on controversial coalmine

Convex Insurance has responded to Wednesday’s demonstration by the UK activist group, Market Forces, which is protesting the refusal by Convex to rule out providing insurance cover to a $16-billion Australian coalmine by Convex.

Market Forces staged a demonstration outside the Hamilton offices newly occupied by the global insurer at Point House on Front Street.

They have targeted the company and Convex Chairman and CEO Stephen Catlin through high-profile, public demonstrations in London and Bermuda, where Convex has offices.

Market Forces said Convex refused to rule out providing insurance cover for the coalmine when other major companies had done so, turning their backs on the controversial Adani Carmichael mega-coal mine in Queensland's Galilee Basin.

But through publicists, Convex said in a prepared statement: “Due to client confidentiality, Convex is unable to comment on specific risks or types of business, which it may or may not underwrite.”

The coal project includes a proposed 235-mile rail line, which would pave the way for further mines in the region.

It faces substantial local opposition.

Market Forces: the Wednesday afternoon demonstration outside Convex headquarters at Point House on Front Street in Hamilton (Photograph by Market Forces)

You must be Registered or to post comment or to vote.

Published December 23, 2021 at 6:18 pm (Updated January 24, 2022 at 2:06 pm)

Convex has no comment on controversial coalmine

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon