McMillan LLP | Vancouver | Calgary | Toronto | Ottawa | Montréal | Hong Kong | mcmillan.ca
Wednesday April 27th, 2016
The 10 Most Important Issues General Counsel Should Know About Risk Transfer Involving Insurance
Frank Palmay, P.Eng. Co-Chair, Financial Services Regulatory and Co-Chair, Cybersecurity McMillan - Toronto
Melissa Krishna Deputy General Counsel, Special Projects Pacific Exploration and Production
Andrés Durán Vice President, Legal Services, P3 and International Projects EllisDon
Carol Lyons Co-Chair, Insurance, Financial Services Regulatory McMillan - Toronto
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Moderator
Frank Palmay, P.Eng. Senior Counsel McMillan LLP
National Co-chair of McMillan’s Financial Services Regulatory and National Co-chair of McMillan’s Cybersecurity Practices.
Recognized as an expert in the regulatory aspects of
insurance companies. Advises large not-for-profit organizations on corporate
governance and related matters.
Chair of Lifeline Syria
Frank can be reached at 416-307-4037 or [email protected]
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Panelists
Melissa Krishna Deputy General Counsel,
Special Projects Pacific Exploration and
Production
Deputy General Counsel, Special Projects of Pacific Exploration & Production Corp (Pacific E&P).
Leads complex transactions including Pacific E&P’s largest acquisition to date.
Oversees the company’s corporate governance and compliance, and collaborates with its board of directors, senior management and business units to further strategic objectives.
Manages Pacific E&P’s insurance program.
Melissa can be reached at 416-362-7735 Ext.222 or [email protected]
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Panelists
Andrés Durán Vice President, Legal
Services, P3 and International Projects
EllisDon
Extensive experience in dealing with insured claims and other
insurance matters during his time in the infrastructure sector.
Has led or overseen the management of claims (property, personal injury and other), claims processes, the procurement of insurance and insured risk contract analysis on bids for multiple small and large scale infrastructure projects.
Andrés has worked as in house counsel for the Province of Ontario at Infrastructure Ontario, and as Associate at Stikeman Elliott .
Andrés can be reached at 905-803-6007 or [email protected]
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Panelists
Carol Lyons Partner
McMillan LLP
Co-Chair of the Insurance Group, Financial Services Regulatory.
Advise clients on establishing businesses in Canada, mergers and acquisitions, corporate reorganizations, formation of strategic alliances and contract procurement/outsourcing.
In addition to insurance regulatory work, Carol assists clients with policy reviews and advice with respect to insurance products
Carol can be reached at (416) 307-4106 or [email protected].
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10 Most Important Issues GC Should Know About Risk Transfer Involving Insurance
1. Identifying the risks that should be and that may be transferred.
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10 Most Important Issues GC Should Know About Risk Transfer Involving Insurance
2. Which risks can be insured against and to what extent should they be insured?
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10 Most Important Issues GC Should Know About Risk Transfer Involving Insurance
3. Why is the application so important and what can the GC’s office add to the process?
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10 Most Important Issues GC Should Know About Risk Transfer Involving Insurance
4. Insurance brokers are usually involved in the placement of insurance but the GC’s Office has an important role to play.
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10 Most Important Issues GC Should Know About Risk Transfer Involving Insurance
5. While insurance policies are contracts there are some special rules that apply to them that GC’s should be
aware of.
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10 Most Important Issues GC Should Know About Risk Transfer Involving Insurance
If you would like to receive a copy of this flowchart and other flowcharts, please contact: [email protected]
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10 Most Important Issues GC Should Know About Risk Transfer Involving Insurance
6. So your company has applied for an insurance policy and received a binder - is that sufficient?
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10 Most Important Issues GC Should Know About Risk Transfer Involving Insurance
7. What is the role of the GC in dealing with claims?
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10 Most Important Issues GC Should Know About Risk Transfer Involving Insurance
8. What do you do when your insurer denies your claim?
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10 Most Important Issues GC Should Know About Risk Transfer Involving Insurance
9. What are the pros and cons of going to market and/or changing brokers?
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10 Most Important Issues GC Should Know About Risk Transfer Involving Insurance
10. Some final thoughts for general counsel to keep in mind.
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Final thoughts.
GCs and GC office can play a key role in the insurance area
Risk Assessment
Transfer strategy
Application process
Contract interpretations
Claims
Don’t be afraid to ask for help – not all lawyers/firms have the expertise
McMillan LLP | Vancouver | Calgary | Toronto | Ottawa | Montréal | Hong Kong | mcmillan.ca
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