Rick Da Costa

Rick uses law as a tool to solve business issues. He is Partner and National Leader of BLG’s Corporate and Regulatory Insurance & Reinsurance Group and is very passionate about the complexities and nuances that are the business and legal needs of the insurance industry. Rick is a trusted advisor that provides practical legal and business solutions to clients on a broad range of issues related to insurance, reinsurance, captive insurance, and grey market products.

Rick earned his designation as a Certified In-House Counsel – Canada (CIC.C) during his time as a senior executive and Vice President for several years at one of the world’s largest insurance groups. During that time, Rick gained invaluable insight on the complex issues faced by senior leaders and other corporate counsel in the insurance and reinsurance industries and offers first-hand experience dealing with change management and all that comes with the rapid growth and measured contraction of an insurer’s portfolio.

Rick was the first to successfully re-domesticate a captive insurance company to the Province of Alberta under its new captive insurance legislation and continues to be a heavily active leader in Alberta’s development of a captive insurance “hub” and resultant captive ecosystem. Rick helps to structure and create new captives, re-domesticate existing captives, and supports captive insurance managers.