Impact of Proposed Amendments on E&O Insurance – Insurance Broker Response

The Private Capital Markets Association of Canada (PCMA)  has engaged the services of Purves Redmond Limited (PRL), an insurance broker, to review the Proposed Amendments and discuss their potential impact on E&O insurance.  PRL and the PCMA have had direct discussions with certain E&O underwriters, who have concerns about the insurability of claims arising from complaints in connection with the Proposed Amendments. PRL’s letter to the PCMA about the impact the Proposed Amendments may have on E&O insurance can be viewed here.