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by tomp 1202 days ago
Which insurance company can pay out a $40bn risk event?
4 comments
trogdor 1202 days ago
When Lehman Brothers collapsed, the associated insurance payouts totaled ~$100 billion.
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joshuamorton 1202 days ago
Reinsurance literally exists for this purpose. It's what Berkshire Hathaway does, for example.
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anticensor 1198 days ago
You can only reinsure so many times before you arrive in the central bank.
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denton-scratch 1190 days ago
Lloyds of London?
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christophilus 1202 days ago
Berkshire Hathaway could. They probably wouldn’t have insured SVB, though.
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