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

摘要

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.