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Insurtech sector breathes sigh of relief following SVB UK HSBC rescue deal

By 2023-03-13T15:30:00

Silicon Valley

The government is ‘working urgently’ to limit the potential fallout, says UK prime minister

The UK insurtech sector has breathed a collective sigh of relief following news that HSBC has acquired the UK arm of US lender Silicon Valley Bank (SVB), which collapsed on 10 March 2023.

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