A destination practice for regulatory and corporate insurance work, Stikeman Elliott LLP’s formidable transactional expertise ensures that it is a regular fixture on high-profile insurance M&A. In a recent example of its strength in this area, Toronto-based sector expert Stuart Carruthers advised Definity Financial Corporation on its acquisition of a majority stake in McDougall Insurance, in a deal that saw Definity increase its ownership in the company from approximately 25% to 75%. Toronto’s Meaghan Obee Tower is also recommended for transactional and regulatory insurance. On the contentious side, Montreal-based Éric Azran is representing Vigi Santé, and its insurer Aviva, in a class action stemming from Covid-19 concerning long-term care facilities. The group also draws on the insurance litigation experience of Montreal-based Pierre-Paul Daunais, Toronto-based Alan D’Silva, and Calgary-based Michael Mestinsek. Laurent Fortier recently retired.
Key clients
- Definity Insurance (formerly Economical Mutual Insurance)
- Desjardins Financial Group