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1
OSFI Releases Draft Revised Guideline B-3 On Reinsurance Practices And Procedures
On June 12, 2019, Canada's federal prudential regulator of insurance companies, the Office of the Superintendent of Financial Institutions ("OSFI"), released a draft revised version
Canada
9 Jul 2019
2
Le BSIF publie la version révisée à l'étude de la ligne directrice B-3 sur les pratiques et procédures de réassurance
Le 12 juin 2019, le Bureau du surintendant des institutions financières (le « BSIF »), autorité de réglementation prudentielle fédérale des sociétés d'assurances, a publié la version révisée à l'étude
Canada
9 Jul 2019
3
Assurance et réassurance : nouveau guide du droit et de la pratique au Canada
Le groupe Assurance et réassurance de Stikeman Elliott a récemment rédigé le chapitre canadien (en anglais seulement) du Chambers Global Practice Guide : Insurance and Reinsurance,
Canada
10 May 2019
4
Insurance And Reinsurance: A New Guide To Canadian Law And Practice
Canada has a federal system of government, whereby jurisdiction over insurance and reinsurance regulation is divided between the federal government and the governments of the ten provinces
Canada
6 May 2019
5
Knowledge Hub's Most Popular Posts Of 2018
As the year draws to a close, we thought we'd look back at ten of the most popular posts from Stikeman Elliott's Knowledge Hub in 2018.
Canada
9 Jan 2019
6
Fair Treatment Of Customers: CCIR And FSCO Release Finalized Guidelines
The Canadian Council of Insurance Regulators (CCIR) and the Financial Services Commission of Ontario (FSCO) have released finalized versions of their policies on the fair treatment of customers.
Canada
17 Oct 2018
7
The Pendulum Swings Back? Thinking About The OSFI Reinsurance Framework Discussion Paper
Canada's federal insurance sector prudential regulator, the Office of the Superintendent of Financial Institutions ("OSFI") recently released a landmark Discussion Paper ...
Canada
23 Jul 2018
8
Limits On The Inquiry Powers Of The Syndic Of The Chambre De L'assurance De Dommages
The Act respecting the distribution of financial products and services confers certain inquiry powers on the syndic of the Chambre de l'assurance de dommages.
Canada
26 Feb 2014
9
Ontario Court Of Appeal Considers Reporting Clause In A D&O Policy
In the unanimous decision in Onex Corporation v. American Home Assurance Company, released on February 25, 2013, the Ontario Court of Appeal has provided new guidance as to the effects and consequences that directors and officers face in notifying D&O insurers of circumstances which may give rise to a claim under a D&O policy.
Canada
12 Mar 2013
10
OSFI Releases Updated Supervisory Framework
On February 24, 2011, the Office of the Superintendent of Financial Institutions (Canada) (OSFI), the Canadian federal prudential insurance regulator, released an updated version of its "Supervisory Framework" (Framework).
Canada
14 Mar 2011
11
OSFI Releases Final Reinsurance Regulatory Guideline and Guidance on Reinsurance Security Agreements
Late last year, the Office of the Superintendent of Financial Institutions (Canada) (OSFI), the Canadian federal prudential insurance regulator, released final versions of administrative guidance which, once implemented in 2011 and 2012, will significantly strengthen the regulation of reinsurance business in Canada.
Canada
18 Jan 2011
12
OSFI Releases Letter and Draft Guidance on Reinsurance Security Agreements
On August 9, 2010, the Office of the Superintendent of Financial Institutions (Canada) (OSFI), the Canadian federal prudential insurance regulator, released for comment draft Guidance (the Guidance) on the use of Reinsurance Security Agreements (RSAs).
Canada
4 Oct 2010
13
OSFI Releases Draft Guideline on Sound Reinsurance Practices and Procedures
On August 6, 2010, the Office of the Superintendent of Financial Institutions (Canada) (OSFI), the Canadian federal prudential insurance regulator, released for comment a draft of Guideline B-3 Sound Reinsurance Practices and Procedures (the Guideline).
Canada
15 Sep 2010
14
Federal Court Restricts Definition of "Commercial Activity" under PIPEDA - State Farm Mutual Automobile Insurance Company v. The Privacy Commissioner of Canada et al., 2010 FC 736
On July 9, 2010, the Federal Court of Canada restricted the scope of the definition of "commercial activity" under the Personal Information Protection and Electronic Documents Act (PIPEDA), when it was asked to determine whether the provisions of PIPEDA apply to evidence collected by an insurer, on behalf of an insured, in a tort action.
Canada
24 Aug 2010
15
OSFI Releases Instruction Guide on Listings and Sanctions Laws
Federal, provincial and foreign insurance companies doing business in Canada are subject to obligations under what are commonly referred to as the "Listings and Sanctions Laws" relating to terrorists, terrorism financiers, and financiers of nuclear proliferation and weapons of mass destruction (the Listings and Sanctions Laws).
Canada
2 Jul 2010
16
OSFI Response Paper Outlines Reforms to Reinsurance Regulatory Regime
Late last month, the Office of the Superintendent of Financial Institutions (Canada) (OSFI) released its long-awaited response paper (the Response Paper) on its regulatory and supervisory approach to reinsurance.
Canada
15 Apr 2010
17
CROs In The Spotlight: Market Turmoil Heightens Prominence Of, And Regulatory Focus On, The Role Of The Chief Risk Officer In Canadian Financial Institutions
The recent financial crisis has brought new focus, from financial institutions and their regulators, on the ways in which financial institutions, including insurance companies in Canada and abroad, manage the risks they face.
Canada
26 Mar 2010
18
AMF Releases Proposed Reinsurance Risk Management Guideline
On July 10, 2009, Quebec's financial services regulator, the Autorité des marchés financiers (AMF), released a draft guideline respecting reinsurance risk management by insurers carrying on business in Quebec. Reinsurance, while obviously an important risk management tool for insurers, exposes them to a number of risks, including residual insurance, legal, counterparty and liquidity risks.
Canada
4 Aug 2009
19
OSFI´s Reinsurance Regulation Discussion Paper: Overview And International Regulatory And Economic Perspectives In A Changing World
Late last year, Canada's Office of the Superintendant of Financial Institutions (OSFI) released its long-awaited discussion paper on OSFI's regulatory and supervisory approach to reinsurance (the Discussion Paper).
Canada
22 Jun 2009
20
Court Of Appeal Upholds Recognition Of UK Solvent Scheme Of Arrangement In Canada
Foreign solvent schemes of arrangement can now be implemented and enforced in Canada.
Canada
13 Jun 2006
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