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Craig Bellefontaine Toronto Lawyer

Craig Bellefontaine

Partner Fasken
Jurisdiction Alberta, 2019 | Ontario, 2014
Language(s) English
Office(s) Toronto
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Overview

Craig Bellefontaine is a partner in Fasken’s Financial Services Group in Toronto.

Craig regularly advises insurers, insurance intermediaries, banks, trust and loan companies, fintechs and other financial services providers on corporate, transactional and regulatory matters. Craig’s practice focuses on mergers and acquisitions (M&A), establishing and licensing regulated financial institutions and businesses, market conduct matters, consumer protection, and anti-money laundering and anti-terrorist financing requirements. In his practice, Craig regularly deals with federal and provincial/territorial regulators to obtain approvals and resolve compliance matters.

Craig has held senior positions in government at both the federal and provincial levels, including Chief of Staff to Alberta's Minister of Justice and Solicitor General and Director of Issues Management and Parliamentary Affairs to Canada’s Minister of Finance.

Achievements

Experience

  • An investment firm completed the acquisition of a leading provider of protection plan management, [Deal - Confidential], Acquisition of a leading protection plan provider by an investment firm.
  • Arthur J. Gallagher Canada Limited acquires Encore Insurance Services Inc., [Deal - Arthur J. Gallagher Canada Limited], Leading provider of insurance, risk management, and consulting services acquires Canadian retail insurance brokerage.
  • Arthur J. Gallagher Canada Limited acquires Dawson & Keenan Insurance Ltd., [Deal - Arthur J. Gallagher Canada Limited], Leading provider of insurance, risk management, and consulting services acquires Canadian retail insurance brokerage.
  • Gallagher Benefit Services (Canada) Group Inc. acquires HFI Benefits Inc., [Deal - Gallagher Benefit Services (Canada) Group Inc.], Leading provider of benefits, HR and organization consulting services acquires Canadian individual and group life insurance brokerage.
  • Gallagher Benefit Services (Canada) Group Inc. acquires Brunswick Financial Group Ltd., [Deal - Gallagher Benefit Services (Canada) Group Inc.], Leading provider of benefits, HR and organization consulting services acquires Canadian individual and group life insurance brokerage.
  • H.W. International B.V. sells its North American operations to Risk Strategies, [Deal - H.W. International B.V.], Global, privately-owned insurance broker completes sells North American operations to United States brokerage firm.
  • Gallagher Re completes acquisition of Ontario-based MGB Re, [Deal - Gallagher Re Inc.], Reinsurance division of global insurance brokerage, risk management and consulting services firm acquires reinsurance company.
  • Insurance brokerage sells warranty business, [Deal - Confidential], Subsidiary of international insurance brokerage divests its warranty business through sale of assets.
  • Arthur J. Gallagher & Co. completes US$660 million acquisition of Buck, [Deal - Arthur J. Gallagher & Co.], Global insurance brokerage acquires a leading provider of HR, pensions, and employee benefits consulting, technology, and administration services.

Career & Education

Education

  • LLB Dalhousie University
  • BA (Honours), Economics Queen's University

Memberships & Affiliations

  • Member, Law Society of Alberta (2019)
  • Member, Law Society of Ontario (2014)
  • Member, Canadian Bar Association
  • Member, Ontario Bar Association

Knowledge

  • Insurance Regulatory Year in Review and 2026 Outlook, 12/18/2025
  • Insurance Regulatory Year in Review and 2025 Outlook, 1/31/2025
  • OSFI Issues Updates for Mortgage Qualifying Rate, Culture Risk and Funding, 11/25/2024
  • OSFI Issues Updated Operational Risk Guideline and Pilots New Approach, 8/29/2024
  • Finance Canada Consults on Changes to Financial Institution Statutes, 8/20/2024
  • Insurance Regulatory Year in Review, 12/21/2023
  • OSFI Consultation on Culture and Behaviour Risk, 3/3/2023
  • OSFI Seeks Input on Culture Risk Management, 4/4/2022
  • Federal Government Releases New Emergency Economic Measures Order and Emergency Measures Regulations, 2/17/2022
  • The Wait Is Over: Federal Government Releases Regulations For Financial Consumer Protection Framework, 8/25/2021

Events

  • Financial Services Regulation: Annual Year in Review & Looking Ahead to 2026, 12/2/2025
  • Financial Services: Annual Regulatory Year in Review & Looking Ahead to 2025, 12/3/2024
  • Financial Services Regulatory Developments - Looking Ahead to 2024, 11/28/2023
  • Insurance Regulatory Law Update, 5/30/2018

News

Publications

  • MGA Regulation in Canada: A Call for Harmonization and Balance, 9/25/2025
  • Current Trends in the Canadian Credit Union Sector, 12/1/2017
Article, Co-Author Current Trends in the Canadian Credit Union Sector Banking & Finance Law Review, 22 B.F.L.R. 73