US insurers lose over $800m on SVB bank collapse

13-03-2023

US insurers lose over $800m on SVB bank collapse

The US insurance industry may face as much as $800m in losses from investments in failed US bank Silicon Valley Bank, the nation's 16th largest bank which was shut by regulators as depositors raced for the exits.


Insurance, Investments, Credit Default, Swiss Re, The Hanover, AXA, WR Berkley, SVB Bank, US

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