Blakes regularly advises ceding insurers and reinsurers on structuring, implementing, negotiating and maintaining complex reinsurance and retrocession transactions throughout Canada, the United States, Europe, Barbados, Bermuda and in other markets. In connection with such arrangements, we provide our clients with comprehensive and sophisticated regulatory, tax, corporate and structural advice, including in relation to security arrangements, other structuring elements and regulatory requirements as well as investment management matters.
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. Our work for these clients encompasses all types of insurance and reinsurance, and every kind of underlying risk. We are frequently called upon to handle challenging and sophisticated matters involving insurers and reinsurers. Our experience in and knowledge of the industry enables us to provide tailored, comprehensive and strategic advice, both from a legal and industry perspective.
Our lawyers routinely review and prepare a variety of reinsurance agreements, including property and casualty quota share arrangements, excess of loss, treaty and facultative agreements, retrocession agreements, assumption and transfer reinsurance agreements, and all manner of life, accident and health reinsurance arrangements. Clients also 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. We have extensive experience drafting, structuring and negotiating reinsurance and related contracts for life, property and casualty insurers in connection with the transfer of books of business involving Canadian risks.
We are the leading Canadian counsel on pension de-risking transactions, including advising a reinsurer involved in Canada’s first longevity insurance transaction.
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.