Life insurers’ exposure to Silicon Valley Bank minimal: AM Best
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Life insurers’ exposure to Silicon Valley Bank minimal: AM Best

Silicon Valley Bank SVB headquarters and branch.jpg

The life insurance industry’s exposure to Silicon Valley Bank (SVB) is minimal despite varying exposure to the banking sector, according to AM Best.

The ratings agency’s data shows that eight life insurers have bond exposure (as at year-end 2021) to SVB greater than 2% of their capital and surplus – with the maximum being less than 5%.

Sridhar

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