Exchanges woo insurers with futures alternative to OTC swaps

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With derivatives set to become more expensive as new legislations begin to bite, insurers are looking at how they might be able to adjust their hedging strategies in order to bring costs down while still maintaining a good match for their liabilities. Swap futures have emerged as a possible solution, but a certain amount of scepticism remains as to whether they can actually provide the accurate match for long-dated liabilities that insurers need. New collateral management rules - the Dodd-Fra