Rick Da Costa* (he/him/his) is a partner in the Insurance & Reinsurance Group at Cassels. A globally-minded insurance and reinsurance lawyer using law as a tool to solve business issues, Rick serves as a trusted advisor on a range of insurance, reinsurance, and captive insurance related issues, providing practical legal and business solutions to clients. Having spent several years as a senior executive at one of the world’s largest insurance groups, Rick has gained invaluable insight on the complex issues faced by senior leaders and other corporate counsel in the insurance and reinsurance industries, and offers first-hand experience dealing with change management and all that comes with the rapid growth and measured contraction of an insurer’s portfolio. A major area of his focus currently, Rick was the first to successfully redomesticate a captive insurance company to the Province of Alberta under its new captive insurance legislation, and continues to be a heavily active leader in Alberta’s development of a captive insurance “hub” and resultant captive ecosystem – Rick helps to structure and create new captives, redomesticate existing captives, and supports captive insurance managers.
Rick has also helped Canada’s Department of Finance with updates to Canada’s insurance and banking legislation.
For his first-hand experience in the insurance, reinsurance, and captive insurance industries, Rick earned his designation as a Certified In-House Counsel – Canada (CIC.C) by the Canadian Bar Association, the Canadian Corporate Counsel Association, and the Rotman School of Management (University of Toronto).
Prior to moving in-house, Rick summered, articled and was a senior associate in the Insurance & Reinsurance Group here at Cassels.
*denotes Professional Corporation