Ben Jennings, chief revenue officer at Embroker, said: "Founders are feeling the pressure; not only are they worried about capital insecurity, but they also have to consider how the decisions and actions of others can impact their business in the blink of an eye." (Credit: Philip Pacheco/Bloomberg)
In the aftermath of Silicon Valley Bank's collapse in early March, venture capital-backed startups quickly moved to increase insurance coverages, according to Embroker Insurance Services LLC, which reported demand was particularly strong for director and officer policies.
Four days after SVB's collapse, quotes generated on Embroker's platform for D&O policy with $3 million limits more than doubled. Just 10 days after the bank's fall, similar quote searches increased 62%.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
