ARAG to form Canada insurance company
Canada Gazette, Part I, Volume 160, Number 38: MISCELLANEOUS NOTICES
ARAG Canada Holdings Ltd. plans to apply to the Minister of Finance for letters patent to establish ARAG Canada Insurance Ltd., offering legal expenses insurance and related products. The process follows the Insurance Companies Act and includes a public objection period ending November 3, 2026; final approval is not guaranteed and depends on regulatory review. If approved, the head office would be in Toronto, Ontario.
- Published
- September 19, 2026
- Department
- Unavailable
- Section
- ARAG CANADA HOLDINGS LTD.
- Comment deadline
- November 3, 2026
- Effective date
- Unavailable
- Publication part
- Part I
Summary
Summary#
This notice says ARAG Canada Holdings Ltd. intends to apply, on or after October 4, 2026, to create a Canadian insurance company to sell legal expenses and related products. The proposed company would use the English name ARAG Canada Insurance Ltd. and the French name Compagnie d’assurance ARAG du Canada ltée. People can file written objections with the Office of the Superintendent of Financial Institutions by November 3, 2026.
What it does#
- Announces an intent to file an application under the Insurance Companies Act to incorporate a new insurer in Canada.
- The application will ask the Minister of Finance to issue letters patent to form the company.
- The new insurer would operate in the classes of legal expenses insurance and other approved products insurance.
- The planned head office is in Toronto, Ontario.
- Gives the public until November 3, 2026 to send written objections to the Office of the Superintendent of Financial Institutions (255 Albert Street, Ottawa, Ontario K1A 0H2).
- Notes that publication of this notice does not mean the incorporation will be approved; final approval depends on the review process and the Minister’s decision.
Who's affected#
- Customers who buy or might buy legal expenses insurance in Canada.
- Insurance brokers, agents, and existing insurers who compete in that market.
- Potential employees and contractors in Toronto if the company is approved and starts operations there.
- Regulators and anyone who wants to object to the proposed incorporation (they must file by November 3, 2026).
Why it matters#
- If approved, this would add a new insurer focused on legal expenses products, which could increase choice and affect prices or availability of those products.
- It’s not final yet — this is an application step. The public can object before November 3, 2026, and regulators will still decide whether to grant approval.
- For local job and business effects, the head office being in Toronto could mean new local hires or commercial activity if the company goes ahead.
Key topics
Source: Canada Gazette