Cayman Islands regulator explores legal options after Silicon Valley Bank deposit seizure - Reuters

The Cayman Islands Monetary Authority (CIMA) is exploring legal options after the U.S. Federal Deposit Insurance Corp seized deposits held...

reuters.com / Article / 9 days ago

Bankruptcy court rules SVB directors, officers can tap into liability insurance

A federal bankruptcy court in New York ruled Tuesday that directors and officers of SVB Financial Group, parent company of the failed Silicon Valley Bank that...

Article / 10 days ago

Credit Suisse bond wipe-out will not trigger credit insurance payout - Reuters

Holders of credit insurance linked to Credit Suisse bonds will not get a payout after a committee that adjudicates on disputes in the derivatives market...

reuters.com / Article / 14 days ago

When a bank collapses, what are the insurance implications?

Whilst the failure of Silicon Valley Bank in the US is very recent and yet to be fully understood, as a major provider of capital to technology start-ups and early-stage venture capital businesses...

Article / 16 days ago

Deposit insurance bonds: The multi-billion bank crisis loss that never was

The two-act banking crisis that unfolded in March and April generated fears for the insurance sector from asset portfolio hits and D&O/E&O losses, as well as...

Article / 17 days ago

EU commission proposal on bank rescues not ready for approval - Reuters

A European Commission proposal on bank rescues is not yet ready for approval, German Finance Minister Christian Lindner said on Tuesday...

reuters.com / Article / 17 days ago

US banking failures and the potential impact on the D&O market

It is too early to discern the impact which failures of three, (at latest count), banks in the US will have on the wider D&O market. But there are some early lessons.

Article / 18 days ago

Berkshire’s Buffett Blames Politicians, Regulators, Press for Bank Failures

Warren Buffett on Saturday criticized the handling of recent tumult in the banking sector and said a debt ceiling showdown could bring “turmoil” to the...

Article / 27 days ago

AIG postpones Corebridge stock sale as banking fears fuel volatility - Reuters

American International Group Inc said on Friday it had delayed a secondary share sale in its life insurance and retirement business unit due to heightened market volatility fueled by the banking crisis...

reuters.com / Article / 28 days ago