Insurance giants say no to Adani Mining’s Carmichael project in Australia


Insurance giants say no to Adani Mining’s Carmichael project in Australia

Some global insurance companies have decided against providing cover to Adani Mining’s Carmichael project in Australia.

According to a report in Asia Insurance Post, an insurance journal, the five reinsurers are AXA, SCOR, FM Global, QBE and Suncorp. The Carmichael project has been facing financing challenges for a long time. But it got a fresh lease of life recently when Adani Enterprises issued a press release on November 29, stating it would self-finance the project. Read More

 

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