The insurance industry is undergoing many changes. Evolving International Financial Reporting Standards, heightened regulation, shifting demographics and increased competition are impacting the way companies are doing business, driving new product development and affecting M&A activity. Meeting these challenges requires legal counsel with deep industry knowledge and specialized legal expertise.
Blakes leading Insurance lawyers provide sophisticated legal advice on all aspects of insurance business, operations, structure, investments, acquisitions, corporate governance and risk management. Our multidisciplinary team advises on financings, restructurings, onshore and offshore reinsurance arrangements and related trusts, pension de-risking transactions, real estate, and portfolio investment management.
Blakes has the largest and most active Financial Services Regulatory practice in Canada allowing us to effectively advise clients on the current regulatory framework and any draft legislation and regulatory proposals that may affect them. We assist in identifying regulatory issues in connection with the development, marketing, licensing and distribution of new insurance products. We regularly represent parties before the federal Office of the Superintendent of Financial Institutions (OSFI) and provincial regulators. Our Financial Services Regulatory team advises ceding insurers and reinsurers on structuring, implementing, negotiating and maintaining complex reinsurance, retrocession and longevity insurance transactions.
The Firm’s preeminent M&A expertise includes the insurance sector where we advise major domestic and foreign insurance companies and insurance distributors on all aspects of sale and purchase transactions, including regulatory, employment, pension, outsourcing, tax and intellectual property matters. We also provide our M&A clients with the benefit of strategic advice from our Competition, Antitrust & Foreign Investment group, Canada’s top-ranked competition law practice.
When disputes arise, the Blakes Litigation & Dispute Resolution team represents both insurers and insureds at all court levels and before administrative tribunals and government commissions, routinely prosecuting and defending specialized insurance claims.