SVB removed as letter of credit provider for reinsurance, says Kramer Levin
Reinsurance News - Mar 15, 2023
Global law firm Kramer Levin has confirmed that Silicon Valley Bank (SVB) has been removed as a letter of credit (LOC) provider for reinsurance credit by the Securities Valuation Office of the National Association of Insurance Commissioners (NAIC). The move followed the failure of the Santa Clara, C...
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