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OSFI Releases Final Updated Reinsurance Guidance To Take Effect in 2025 | Stikeman Elliott LLP

On February 11, 2022, Canada’s federal prudential insurance regulator, the Office of the Superintendent of Financial Institutions (“OSFI”) released long-awaited final versions of its. ....

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OSFI Issues Draft Revised Guideline B-2 In Respect Of Large Exposures By Property & Casualty Insurers - Insurance

On November 26, 2020, the Office of the Superintendent of
Financial Institutions (
OSFI ) issued
for public comment a draft revised Guideline B-2,
Property and
Casualty Large Insurance Exposures and Investment
Concentration (the
Draft
Guideline ) which would replace the current Guideline
B-2,
Investment Concentration Limit for Property and Casualty
Insurance Companies (the
Current
Guideline ).
The significant changes to the Draft Guideline address single
large insurance exposures of federally regulated property and
casualty insurers (
P&C Insurers ).
The Draft Guideline departs from a proposal in 2018 (the

2018 Proposal ) that, among other
things, required that P&C Insurers be able to cover their three
largest policy limit losses. ....

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