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Reinsurance

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Blakes represents a wide range of Canadian insurance companies and several foreign and offshore reinsurers in multi-jurisdictional transactions and has extensive knowledge of the reinsurance industry in Canada and globally. We regularly advise ceding insurers and reinsurers on structuring, implementing, negotiating and maintaining complex reinsurance and retrocession transactions.

We provide our clients with sophisticated regulatory, tax, corporate and structural advice in relation to security arrangements, regulatory requirements as well as investment management matters. Our experience in and knowledge of the reinsurance industry enables us to provide tailored, advice, both from a legal and industry perspective. We are the leading Canadian counsel on pension de-risking transactions, including advising a reinsurer involved in Canada’s first longevity insurance transaction.

Clients seek our counsel regarding the use of reinsurance-related mechanisms in connection with the purchase and sale of businesses (including Canadian assumption reinsurance), books of business, coinsurance and modified coinsurance arrangements, and commutations. Our Reinsurance lawyers review and prepare reinsurance agreements, including:

  • Property and casualty quota share arrangements

  • Excess of loss, treaty and facultative agreements

  • Retrocession agreements, assumption and transfer reinsurance agreements

  • All manner of life, accident and health reinsurance arrangements

From a regulatory perspective, we have the largest and most active financial services regulatory practice in Canada, allowing us to effectively advise clients on the current regulatory framework, as well as on any draft legislation and regulatory proposals that may affect them. Blakes lawyers are often called upon to analyze proposed reinsurance arrangements to determine applicable requirements, assist with structuring to ensure regulatory compliance and represent the involved parties before the federal Office of the Superintendent of Financial Institutions and provincial regulators.

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