US government action minimised D&O claims from SVB collapse: AM Best
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US government action minimised D&O claims from SVB collapse: AM Best

Aisling Finn
15 March 2023
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Silicon Valley Bank SVB headquarters and branch.jpg

Had the US government not stepped in to make all depositors whole following the collapse of Silicon Valley Bank (SVB), directors and officers (D&O) claims would be much higher, according to AM Best.

The ratings agency said that, without government intervention, underwriters of D&O insurance for start-ups and venture capitalists, as well as the financial-institution insurers supporting such entities, could have faced “financial distress”, as they are operating on thin capital.

David

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News D&O (Directors and Officers)
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