US bank overseers clear D&O insurers from broad swathe of action on SVB

15-03-2023

US bank overseers clear D&O insurers from broad swathe of action on SVB

Gregory W. Becker, CEO of Silicon Valley Bank

Directors & officers (D&O) policy underwriters likely escaped the noose, or the lion's share of the noose, on the decision by US authorities to expand support of depositors at failed banks well beyond the statutory minimums.


Insurance, Management Liability, Directors & Officers, Credit Losses, Litigation, AM Best, US

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