SVB execs can access $210mn D&O coverage
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SVB execs can access $210mn D&O coverage

Thorsten Schier
May 26, 2023
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A New York bankruptcy court judge has ruled that executives of Silicon Valley Bank (SVB), which filed for bankruptcy protection earlier this year, can access $210mn in D&O cover after unsecured creditors objected to its use.

The primary layer of $10mn was written by Chubb. The policies cover the period from August 1 2022 through August 1 2023.

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Thorsten Schier
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