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Though insurers are not heavily invested in Silicon Valley Bank, Signature Bank, or in other regional banks at risk of contagion, the developing macroeconomic situation could impact P&C carriers more significantly. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The company added that it currently has less than $7,000 in cash at SVB.
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The FDIC said that as of December 31, 2022, the bank had approximately $209bn in total assets and about $175.4bn in total deposits.
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Let’s get you up to speed on some of the key highlights of the week.
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The push for pricing will continue to be strong as at 1.1, but some sources suggest that the upcoming mid-year renewals could be more orderly.
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The company elevated Ken Mueller to head of inland marine and Brett Musser to head of marine liabilities for the Americas.
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The new CEO is perpetuating what has worked in his predecessor’s strategy and refining certain elements.
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2022 statutory data is now available, and results show winners and losers
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Sentiment scores across US P&C segments dropped sequentially in Q4, though InsurTechs bucked the trend.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
