SVB acquisition aims to ease broker conflict
SVB Holdings is hoping to attract more brokers to its Credit Indemnity & Financial Services business...
SVB Holdings is hoping to attract more brokers to its Credit Indemnity & Financial Services business, which it recently acquired from Aon.
CIFS, which provides specialist trade credit insurance, was already underwritten by SVB and is said to have changed hands due to it falling outside of Aon's core business - but also due to a conflict of interest in it being administered by Aon, according to SVB chief operating officer, Keith Parker.
He explained: "We are hoping to grow the business in the first
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