Allstate to Transfer Group Critical-Illness Reinsurance

Summary#

Allstate Insurance Company of Canada plans to apply for permission to transfer the reinsurance for its group employer‑sponsored voluntary critical illness and accident policies to Blue Cross Life Insurance Company of Canada. If approved, Blue Cross Life would take over the duties and pay claims; policyholders can inspect the proposed agreement for 30‑day after the notice published on May 23, 2026.

What it does#

• Allstate Insurance Company of Canada will apply to the Superintendent under the Insurance Companies Act (Canada) on or after June 22, 2026 to have its group employer‑sponsored voluntary critical illness and accident insurance risks reinsured on an assumption basis by Blue Cross Life Insurance Company of Canada.
• On the effective date of the transfer, Blue Cross Life would assume Allstate’s duties, obligations and liabilities for those policies, including processing and paying claims.
• A copy of the proposed assumption reinsurance agreement is available for inspection at Allstate’s office at 3389 Steeles Avenue East, North York, Ontario M2H 3S8 for a 30‑day period after publication.
• Policyholders can request a copy in writing (attention: Bob Mongia) or ask questions by calling Allstate’s toll‑free line at 1‑844‑436‑1105 (Monday–Friday, 9:00 a.m. to 4:00 p.m. EST).

Who's affected#

• People covered by Allstate Insurance Company of Canada group employer‑sponsored voluntary critical illness and accident plans in Canada.
• Employers who offer those group voluntary plans and employees who use them to cover illness or accident costs.
• Claimants who may need to submit or follow up on claims if the transfer is approved.
• It is not clear from the notice whether premiums, coverage details, or claim rules will change.

Why it matters#

• The company that handles and pays claims could change from Allstate to Blue Cross Life. That can affect where you file a claim, who answers questions, and who ultimately pays.
• Policyholders have a short window (30‑day) to read the proposed agreement and ask questions.
• If you have one of these group plans, you may want to review the agreement or contact Allstate if you have concerns about how claims or service will be handled.