
Insurance: Transactional & Regulatory
Canada Guide 2026 : Nationwide - Canada
Rankings

Ranked Individuals
Ranked Individuals
About
Provided by Torys LLP
Torys is recognized as having one of the leading financial institution regulatory practices in Canada. We regularly advise life and property & casualty insurers and reinsurers on insurance regulatory matters involving local and federal regulators and are engaged from the ground up on new product development and distribution strategies.
We are frequently involved in applications for ministerial and superintendent approvals submitted through OSFI. Whether the application is in respect of a change in control, a substantial investment, a federal continuance and/or merger, unregistered related party reinsurance or another type of application, our lawyers have developed invaluable relationships with members of OSFI at all levels.
Torys is primary regulatory counsel to three of Canada's largest insurance companies; we also represent retail and institutional insurance advisers and firms in regulatory investigations and enforcement proceedings before financial services and insurance regulators.
We have experience in the issues that are often part of today's insurance disputes, acting as primary corporate and/or litigation counsel to the largest insurers in Canada.
We apply our outstanding trial and appellate litigation experience towards complex and high-profile insurance disputes, appearing before all levels of courts, arbitration panels and regulatory bodies. We advise insurers and insureds on a wide range of insurance, reinsurance and business litigation and arbitration matters.
Chambers Review
Provided by Chambers
Work Highlights
Provided by Chambers
Torys represented Vienna Insurance Group in a claim against Infrassure for breach of contract and breach of obligations under a retrocession agreement.
Strengths
Provided by Chambers
The insurance team is in a class of its own. They are dialed into market trends, with a pulse on regulator priorities.
Insurance: Transactional & Regulatory respondentCanadaTorys' ability to align legal strategy with broader business goals adds significant value. Their insights often extend beyond the legal lens to support strategic decision-making.
Insurance: Transactional & Regulatory respondentCanadaThe firm has a high awareness of legal and business considerations that underlie litigation.
Insurance: Transactional & Regulatory respondentCanadaTorys' litigation and advocacy skills are unmatched and the firm couples access and coordination with top-level subject matter expertise.
Insurance: Transactional & Regulatory respondentCanadaTorys has a clear view of business needs and the ability to provide quick, on-point and easy-to-understand legal advice in a complex framework.
Insurance: Transactional & Regulatory respondentCanada
Notable Practitioners
Provided by Chambers
Band 1 
Band 1 
Blair W Keefe
Toronto-based Blair Keefe is a highly acclaimed lawyer in the insurance market, as well as a strong feature of the wider Canadian financial services sector. His broad experience encompasses a wide range of mandates from regulatory investigations to securities offerings and M&A. I am always confident in the advice provided by Blair. His knowledge is unparalleled and his advice is sage.
Insurance: Transactional & Regulatory respondentCanadaBlair is an expert in his field.
Insurance: Transactional & Regulatory respondentCanadaBlair Keefe is smart, approachable and focused on results.
Insurance: Transactional & Regulatory respondentCanada
Band 3 
Band 3 
Eli Monas
Eli Monas is a partner based in Torys' Toronto office with a growing reputation for his expertise in the insurance sector. He notably assists with regulatory insurance and reinsure matters.
Eli provides exceptional service.
Insurance: Transactional & Regulatory respondentCanadaHe is always approachable, very solutions-minded and practical. He simplifies what is a very dense and challenging topic.
Insurance: Transactional & Regulatory respondentCanadaEli Monas understands our business, structure and challenges faced. He is attentive in identifying and solving problems.
Insurance: Transactional & Regulatory respondentCanada
Band 4 
Band 4 
David Outerbridge
David Outerbridge plays a key role representing clients in major life insurance class action proceedings. He also acts in coverage disputes, reinsurance disputes and professional liability insurance. David approaches each question in a strategic, practical manner. His ability to translate the most complex law into simple, persuasive arguments is remarkable.
Insurance: Transactional & Regulatory respondentCanada
Ranked Individuals at Torys LLP (3)
Members
Provided by Torys LLP

David Outerbridge
View profile of David Outerbridge
Blair W Keefe
View profile of Blair W Keefe
Eli Monas
View profile of Eli Monas
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