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Insurance Corporate Regulatory


New technologies, increasing customer expectations and emerging risks are transforming the insurance industry.
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Overview

Fasken is a leading advisor to all players in the insurance sector – P&C and life insurers, reinsurers, agents and brokers and insurtech companies. As the insurance industry expands, we advise new entrants, both to Canada and to the insurance world, on how to successfully implement their plans.  

Our lawyers combine transactional and regulatory expertise, thereby allowing the same team to provide seamless advice on M&A, reinsurance, distribution arrangements, and other matters.

With our national practice, we have extensive experience dealing with regulators at the federal level, including the Office of the Superintendent of Financial Institutions, and at the provincial levels. Our lawyers in B.C., Ontario and Quebec have extensive experience dealing with BC Financial Services Authority (BCFSA), Financial Services Commission of Ontario (FSCO) and the Autorité des marchés financiers (AMF).  

Subscribe to our, “Financial Institutions Bulletin”, browse our recent work or contact any of our lawyers for answers to your questions about how we might assist in meeting the necessary regulatory requirements for your plans.

Achievements

Team

Primary Contacts
  • Koker Christensen, Partner | CO-LEADER, FINANCIAL SERVICES, Toronto, ON, +1 416 868 3495, kchristensen@fasken.com
  • Nicolas Faucher, Partner | Co-Leader, Financial Services | Co-Chair of the Corporate/Commercial Regional Section, Montréal, QC, +1 514 397 5114, nfaucher@fasken.com
  • Sylvie Bourdeau, Partner | Corporate/Commercial, Montréal, QC, +1 514 397 4388, sbourdeau@fasken.com
  • Kareen A. Zimmer, Partner | Mergers & Acquisitions, Financial Services Regulatory, Vancouver, BC, +1 604 631 4775, kzimmer@fasken.com

Client Work

  • Intact Insurance Company et al. defeats appeal from success at common issues trial relating to business interruption insurance arising from the COVID-19 pandemic, [Case - Intact Insurance Company, Novex Insurance Company and Royal & Sun Alliance], The largest provider of property and casualty insurance in Canada has defeated an appeal from a successful class action common issues trial relating to business interruption insurance and COVID-19.
  • H.W. International B.V. sells its North American operations to Risk Strategies, [Deal - H.W. International B.V.], Global, privately-owned insurance broker completes sells North American operations to United States brokerage firm.
  • Equisoft secures $125M in equity investment, [Deal - Equisoft Inc.], Equity investment for Equisoft
  • AGA Benefit Solutions acquires J&D Benefits, [Deal - AGA Financial Group Inc.], By acquiring J&D, AGA becomes one of the country’s largest players in the field of benefits.
  • The Independent Order of Foresters in its subordinated debentures offering, [Deal - The Independent Order of Foresters], Fasken acted for The Independent Order of Foresters in connection with its offering of C$250,000,000 principal amount Series 2020-1 subordinated unsecured 2.885% fixed/floating debentures due October 15, 2035. Fasken advised The Independent Order of Forester with a team led by Richard Steinberg ...
  • Intact Financial acquires Canadian Direct Insurance, [Deal - Intact Financial Corporation], Intact Financial Corporation announced that it has completed its acquisition of Canadian Direct Insurance Incorporated. CDI wrote approximately $140 million in home and auto premiums in 2014, and was the winner of the 2014 Consumer Choice award for Home and Auto Insurance in Vancouver and the sur...
  • The Co-operators acquires Premier Group of Companies, [Case - Confidential Client], The Co-operators Group Limited and the Premier Group of Companies today announced that The Co-operators has acquired Premier. Established in 1989, Premier is one of the leading managing underwriting agencies in Canada. Based in Vancouver, Premier has five office locations and more than 100 employ...
  • Esurance expands into Canada with the launch of Esurance Insurance Company of Canada, [Deal - Esurance Insurance Company of Canada], Esurance today announced that it has expanded internationally into Canada with the launch of Esurance Insurance Company of Canada, a federally incorporated P&C insurance company. "Esurance is driving the evolution of self-directed insurance by providing consumers with innovative tools and technol...
  • The Co-operators acquires Bill Hartley Insurance Services, [Deal - Co-operators Life Insurance Company], On January 7, 2015, The Co-operators General Insurance Company announced that its wholly-owned subsidiary had completed the purchase of Bill Hartley Insurance Services. The two companies have maintained a long-term relationship dating back to 1950 sharing similar views and priorities. The Co-oper...

Knowledge

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