PURE Reciprocal Insurance Exchange obtains Order from OSFI to Insure in Canada Risks

On February 9, 2023, Privilege Underwriters Reciprocal Exchange (“PURE”) obtained an approval from the Superintendent of Financial Institutions (Canada) under the Insurance Companies Act (Canada) to insure in Canada personal lines property and casualty risks, including those falling under the classes of property, liability, marine and automobile insurance.

McMillan represented Privilege Underwriters Reciprocal Exchange (PURE) with a multidisciplinary team led by Darcy Ammerman (Financial Services), with support from Chris Garrah, David Dunlop and Charlotte Conlin (Corporate), Peter Giddens and Kaleigh Zimmerman (Intellectual Property), Lyndsay Wasser and Mitch Koczerginski (Privacy), Joshua Chad (Competition), Todd Miller and Andrew Stirling (Tax) and Shari Munk-Manel and Paul Boshyk (Employment).

McMillan’s Insurance Industry Group has significant experience and expertise advising various participants in the Canadian insurance industry. We have represented insurance clients on a wide range of issues and transactions, including mergers and acquisitions, divestitures, reorganizations, regulatory matters, investment and lending transactions, securities matters, outsourcing arrangements, reinsurance arrangements, corporate governance issues, market conduct matters, risk management programs and coverage issues. Lawyers in our Group also advise on the establishment, licensing and operation of domestic insurance companies, Canadian branch operations and insurance intermediaries.