Ben Lee is an associate in the New York office of Latham & Watkins and is a member of the firm’s Insurance Industry Group.

Mr. Lee works on matters relating to credit insurance policies, ranging from risk-weighted asset (RWA) substitution under the applicable Basel Accord rules to local insurance regulatory concerns to bespoke policy drafting and negotiation. 

He advises clients on general insurance regulatory matters, including licensing matters, formation of insurance producers, regulatory filings, risk-based capital analysis, and insurance transactional matters.

Mr. Lee’s practice includes:

  • Trade credit insurance and structured credit insurance policy drafting and related Basel analysis
  • Financial guaranty insurance law issues
  • Licensing and reporting issues
  • Regulatory compliance analysis communication with regulators
  • Insurer investments
  • Captive insurer formation
  • Governance issues

He represents both global financial institutions and InsureTech start-ups. He is a recognized leader in the credit insurance market, co-authoring a standardized industry template for trade credit transactions published by the International Trading & Forfaiting Association (ITFA) and regularly speaks at industry conferences such as ExCred regarding credit insurance matters.

Mr. Lee’s experience includes:

  • Developing the credit insurance program at Nomura Securities International, negotiating dozens of policies which have provided in billions of dollars in coverage
  • Serving as long-time counsel to SMBC’s credit insurance program, reviewing billions of dollars in coverage
  • Advising Barclays Bank plc on its credit insurance program 
  • Advising Mastercard on regulatory and transactional issues for its global insurance program*
  • Working with Energetic Insurance to develop its market-leading credit insurance policy template for solar energy projects
  • Assisting Marketlend regarding multiple matters involving its trade credit insurance program
  • Advising on insurance regulatory concerns for life settlement transactions, such as the Abacus Settlement transaction
  • Representing a global insurance company in the resolution of regulatory concern before the New York Department of Financial Services*

*Matter handled prior to joining Latham 

Bar Qualification

  • New York