Law360, New York ( June 5, 2014, 1:05 PM EDT) -- The U.S. Commodity Futures Trading Commission's Division of Swap Dealer and Intermediary Oversight recently addressed, for the first time, the commission's definition of a swap as it applies to a specific insurance transaction.[1] On the basis of the division's guidance in Action Letter 14-67 ("NAL14-67"),[2] U.S. life insurers will be able, via a Bermuda cell insurer intermediary in a properly structured transaction, to provide a reinsurance hedge to banks active in protecting non-U.S. pensions against the mortality improvements of specified individual beneficiaries....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.