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Canada
Clark Wilson LLP
The Ontario Superior Court of Justice (Commercial List) recently released a decision regarding a "follow the settlements" clause in a reinsurance agreement.
Dentons
On December 14, 2023, the Office of the Superintendent of Financial Institutions (Canada) (OSFI) published adjustments and clarifications to the 2024 Minimum Capital Test...
Dentons
On November 8, 2023, the Office of the Superintendent of Financial Institutions Canada (OSFI) issued revised general guidelines for the use of Letters of Credit (LOC) for Federally...
Torys LLP
In Wiener Städtische Versicherung AG v. Infrassure Ltd, 2023 ONSC 5256, the Ontario Superior Court of Justice (Commercial List) ordered a reinsurer to follow the settlement of a claim by a lead insurer...
McMillan LLP
On August 30, 2022, the Government of Canada's Task Force on Flood Insurance and Relocation (the "Task Force") released a report titled Adapting to Rising Flood Risk: An Analysis of Insurance Solutions for Canada.
Stikeman Elliott LLP
The Government of Alberta's initiatives in support of reinsurance and captive insurance in the province, discussed in our post of April 20, 2022, will soon be fully in force.
Cassels
On June 1, 2022, Alberta Treasury Board and Finance released the much-anticipated regulations to the Captive Insurance Companies Act.
Dentons
On February 11, 2022, the Office of the Superintendent of Financial Institutions (OSFI) issued final versions of Guideline B-3: Sound Reinsurance Practices and Procedures
Walker Sorensen
The remaining Phase of OSFI's review of reinsurance contemplates possible changes to the MCT and LICAT capital guidelines, though no firm dates or timing for such changes have been released to date.
Blake, Cassels & Graydon LLP
Insurance Comparative Guide for the jurisdiction of Canada, check out our comparative guides section to compare across multiple countries
McCarthy Tétrault LLP
On February 11, 2022, the Office of the Superintendent of Financial Institutions ("OSFI") concluded its review of reinsurance practices by issuing final revised versions...
McMillan LLP
The Guidelines are designed the ensure Canada's reinsurance framework remains appropriate and effective given changing industry practices since the last review, conducted over a decade ago.
Stikeman Elliott LLP
On February 11, 2022, Canada's federal prudential insurance regulator, the Office of the Superintendent of Financial Institutions ("OSFI")
Cassels
On February 11, 2022, the Office of the Superintendent of Financial Institutions Canada (OSFI) released the final versions of its much-anticipated Guideline B-3
Gluckstein Lawyers
Following a motor vehicle accident in 2013, Danay Suarez submitted an Application for Accident Benefits under the Statutory Accident Benefits Schedule – Effective September 1, 2010, O. Reg. 34/10 (the "Schedule")...
Osler, Hoskin & Harcourt LLP
Canada announced its expanded sanctions on the one-year anniversary of the Belarusian presidential elections held on August 9, 2020.
McCarthy Tétrault LLP
The new measures, implemented under the Special Economic Measures Regulations, include the first sectoral and trade sanctions that Canada has imposed in seven years...
Cassels
As insurers continue to navigate a type of hard market Canada has not seen in decades, it's easy for their underwriters and business development leaders to forget their relatively newfound...
Stikeman Elliott LLP
As of January 1, 2021, Ontario's insurance sector is subject to a new fair treatment of customers ("FTC") approach ("Approach") of the Financial Services Regulatory Authority of Ontario ("FSRA").
McCarthy Tétrault LLP
24 kilometres from Kyiv, the town of Bucha, Ukraine, quickly became a frontline in the Ukrainian effort to resist Russian invasion. Russian forces began to withdraw from the region around March 30...
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