Department profile
Torys LLP

Insurance: Transactional & Regulatory

Canada Guide 2027 : Nationwide - Canada


Torys LLP

Rankings

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

Insurance: Transactional & Regulatory - Nationwide - Canada

Band 2

Band 2


What the Team is Known For
Torys stands out for its deep experience of insurance regulatory law, both federal and provincial, frequently advising on regulatory investigations, registration proceedings, compliance and governance matters. The Toronto-based insurance team is equally adept at advising on major M&A and securities transactions, as well as issues relating to digital insurance platforms. Its lawyers act on behalf of insurers in coverage disputes and professional liability matters. The firm has a particularly strong reputation in the life insurance sector and also acts for other large insurers and financial services companies.

Work Highlights

Provided by Chambers

  • Torys advised for Loblaw in the proposed CAD800 million sale of PC Financial to EQB.

Strengths

Provided by Chambers

  • Torys’ insurance team is distinguished by its deep, practical understanding of Canadian insurance regulation across all jurisdictions and by its ability to deliver clear, commercially-focused advice on complex and evolving issues.

    Insurance: Transactional & Regulatory respondentCanada
  • Torys has a deep understanding of insurance regulatory requirements and provides sound and helpful practical advice.

    Insurance: Transactional & Regulatory respondentCanada
  • Torys offers proactive, meaningful and concise advice.

    Insurance: Transactional & Regulatory respondentCanada
  • Torys offers excellent expertise and experience.

    Insurance: Transactional & Regulatory respondentCanada
  • Torys is distinguished by its deep sector expertise in insurance, combined with a strong understanding of the regulatory environment in which insurers operate.

    Insurance: Transactional & Regulatory respondentCanada

Notable Practitioners

Provided by Chambers

  • Band 1Blair W Keefe
    Band 1Blair W Keefe

    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.
    • Blair has a strong reputation.
      Insurance: Transactional & Regulatory respondentCanada
    • Blair provides exceptional strategic regulatory leadership with deep insight.

      Insurance: Transactional & Regulatory respondentCanada
  • Band 3Eli Monas
    Band 3Eli Monas

    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 is an excellent adviser who has extensive experience and expertise. He tailors his advice to our business and provides sound advice.

      Insurance: Transactional & Regulatory respondentCanada
    • Eli provides strong technical expertise and reliable execution.

      Insurance: Transactional & Regulatory respondentCanada
  • Band 4David Outerbridge
    Band 4David Outerbridge

    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 is outstanding. He has the ability to turn the most complex issues into simple, persuasive arguments.

      Insurance: Transactional & Regulatory respondentCanada

Ranked Individuals at Torys LLP (3)

Nationwide - Canada

Members

Provided by Torys LLP

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