FI rates unmoved by SVB collapse but hardening is possible: Amwins
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FI rates unmoved by SVB collapse but hardening is possible: Amwins

Silicon Valley Bank SVB headquarters and branch.jpg

The high-profile collapse of Silicon Valley Bank (SVB) has had no immediate impact on rating trajectory in the D&O or financial institutions market, but hardening remains a “likely possibility”, according to broker Amwins.

Amwins said ongoing high levels of capacity, plus hunger from new entrants and MGAs to make an investment return and a lack of IPO activity, meant there had been no immediate impact on rates.

SVB

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