US insurers likely had $1.16bn invested in failed banks

15-03-2023

US insurers likely had $1.16bn invested in failed banks

US insurers likely held $1.16 billion in debt and equity of three failed US banks Silicon Valley Bank, Silvergate and Signature Bank, a sum which the Fitch ratings agency considers sufficiently “modest” to see insurers withstand losses and market volatility.


Insurance, Credit Losses, Fitch Ratings, Bank Resolution, Silicon Valley Bank, Silvergate, Signature Bank, US

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