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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, [email protected]
  • Nicolas Faucher, Partner | Co-Leader, Financial Services | Co-Chair of the Corporate/Commercial Regional Section, Montréal, QC, +1 514 397 5114, [email protected]
  • Sylvie Bourdeau, Partner | Corporate/Commercial, Montréal, QC, +1 514 397 4388, [email protected]
  • Kareen A. Zimmer, Partner | Mergers & Acquisitions, Financial Services Regulatory, Vancouver, BC, +1 604 631 4775, [email protected]
Koker Christensen Toronto Lawyer Koker Christensen Partner | CO-LEADER, FINANCIAL SERVICES Toronto, ON +1 416 868 3495
Nicolas Faucher Associé/Partner Montréal Nicolas Faucher Partner | Co-Leader, Financial Services | Co-Chair of the Corporate/Commercial Regional Section Montréal, QC +1 514 397 5114
Sylvie Bourdeau associée/partner Montréal Sylvie Bourdeau Partner | Corporate/Commercial Montréal, QC +1 514 397 4388
Kareen Zimmer Vancouver Lawyer (2) Kareen A. Zimmer Partner | Mergers & Acquisitions, Financial Services Regulatory Vancouver, BC +1 604 631 4775

Experience

  • Novacap Financial Services completes its first continuation vehicle, [Deal - Novacap Financial Services], First continuation vehicle for Novacap Financial Services.
  • Arthur J. Gallagher Canada Limited acquires Dawson & Keenan Insurance Ltd., [Deal - Arthur J. Gallagher Canada Limited], Leading provider of insurance, risk management, and consulting services acquires Canadian retail insurance brokerage.
  • 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.
  • Gallagher Benefit Services (Canada) Group Inc. acquires Brunswick Financial Group Ltd., [Deal - Gallagher Benefit Services (Canada) Group Inc.], Leading provider of benefits, HR and organization consulting services acquires Canadian individual and group life insurance brokerage.
  • 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.
  • Gallagher Re completes acquisition of Ontario-based MGB Re, [Deal - Gallagher Re Inc.], Reinsurance division of global insurance brokerage, risk management and consulting services firm acquires reinsurance company.
  • Arthur J. Gallagher & Co. completes US$660 million acquisition of Buck, [Deal - Arthur J. Gallagher & Co.], Global insurance brokerage acquires a leading provider of HR, pensions, and employee benefits consulting, technology, and administration services.
  • 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.

Knowledge

  • Insurance and Distribution in Québec: Regulatory Developments Over the Past Six Months, 6/10/2026
  • Insurance Regulatory Year in Review and 2026 Outlook, 12/18/2025
  • Global Spotlight on Canada's Financial Regulatory System, 8/18/2025
  • Bill 92: New Omnibus Legislation is Changing the Regulatory Framework of Québec’s Financial Sector, 7/31/2025
  • Insurance Regulatory Year in Review and 2025 Outlook, 1/31/2025
  • Federal Minister of Health Issues Letter About Canada Health Act, 1/17/2025
  • OSFI Issues Updates for Mortgage Qualifying Rate, Culture Risk and Funding, 11/25/2024
  • Insurance Regulatory Year in Review, 12/21/2023
  • Draft Regulation Under the Insurers Act Respecting Disclosure Requirements for Segregated Funds, 11/14/2023
  • Bill 30: Government of Québec Introduces an Omnibus Bill Affecting the Insurance Sector, 6/28/2023

News

  • Fifty-Seven Fasken Lawyers are Recognized in the 2022 Edition of Legal 500 Canada, 11/11/2021
  • 2020 Chambers Canada Guide Recognizes 108 Fasken Lawyers, 9/19/2019
  • Chambers Canada names Fasken “Employment Law Firm of the Year 2018” and Recognizes 93 of Fasken Lawyers in the 2019 Guide, 9/21/2018

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