The Government of Alberta’s initiatives in support of reinsurance and captive insurance in the province, discussed in our post of April 20, 2022, will soon be fully in force.
Already in force, as of May 31, 2022, are...more
Yesterday afternoon, the Alberta government introduced amendments to the Insurance Act (Alberta) and the Captive Insurance Companies Act (Alberta) as the next step in its initiative to provide additional Alberta-based...more
On February 17, 2022, the Canadian Council of Insurance Regulators (“CCIR”) and the Canadian Insurance Services Regulatory Organizations (“CISRO”) released proposed guidance (“Draft Guidance”) on compensation and incentive...more
On February 11, 2022, Canada’s federal prudential insurance regulator, the Office of the Superintendent of Financial Institutions (“OSFI”) released long-awaited final versions of its key reinsurance guidance, Guideline B-3:...more