The Financial Services Regulatory Authority of Ontario has established a dedicated Property & Casualty (P&C) Division to strengthen oversight of the P&C insurance sector, with an initial focus on market conduct and a longer-term plan to consolidate prudential regulation of Ontario-incorporated insurance companies within the division. The reorganisation does not change regulatory requirements, supervisory expectations, or FSRA’s enforcement posture, and oversight activities will continue uninterrupted. Effective February 1, Jordan Solway will become Acting Executive Vice President, Property & Casualty and will lead the accelerated stand-up of the division, with a targeted go-live date of February 15. Jeff Kehoe will serve as Interim Executive Vice President, Legal & Enforcement from February 1 to maintain continuity. From February 15, P&C Conduct Supervision, Auto Insurance Supervision (rating and underwriting), and Actuarial Services will align under the new division. FSRA said it will provide further updates as the division becomes operational.
Financial Services Regulatory Authority of Ontario 2026-01-19
Financial Services Regulatory Authority of Ontario creates dedicated Property and Casualty division with February launch and leadership changes
The Financial Services Regulatory Authority of Ontario has created a Property & Casualty Division to enhance oversight of the insurance sector, focusing initially on market conduct and later on prudential regulation. Jordan Solway will lead the division as Acting Executive Vice President from February 1, with a go-live date of February 15, while Jeff Kehoe will serve as Interim Executive Vice President, Legal & Enforcement.