In The NewsSeductive Solution? Brian Reeve and Laurie LaPalme Address Changes to Reinsurance Guidelines in Canadian UnderwriterPublished: 05/26/2011 In December, 2010, the Office of the Superintendent of Financial Institutions issued new and revised guidelines for reinsurance practices, procedures and security agreements which fundamentally altered the reinsurance industry in Canada. Effective July 1, 2011, all new collateral arrangements involving unregistered reinsurance must comply with these new guidelines. In their article, "Seductive Solution?", Brian Reeve, partner in the Financial Services group, and Laurie LaPalme, partner in the Business Law group, address solutions to these new collateral arrangements, focusing on funds withheld arrangements. For more information, please read the entire article, found in the May, 2011 issue of Canadian Underwriter. |