This is a photo of Nancy J. Carroll

J. Carroll



Contact by email at [email protected]

t. 416-601-7733


Law School

University of Toronto

Bar Admission

Ontario, 1986

Nancy J. Carroll is a partner in our Financial Services Group in Toronto, head of our National Insurance and Reinsurance Group and a former member of McCarthy Tétrault's governing Board of Partners. She advises banks, insurance companies, financial institutions and pension plans on transactions and regulatory matters. She has expertise in banking law, insurance law, financial services law and regulation.

Nancy acts for international banks and insurance companies on establishing their branch operations in Canada. She has extensive experience representing banks and pension plans on complex mergers and acquisitions. She also acts regularly for domestic and international insurance companies on significant mergers and acquisitions, reinsurance transactions, transfers of blocks of business, demutualizations, corporate reorganizations, and licensing matters. She advises banks, insurance companies and other financial institutions on regulatory compliance, regulatory approvals, financing, outsourcing, privacy, anti-money laundering, document retention and e-commerce. Nancy acted as counsel on the first demutualization of a large life insurance company in Canada, The Mutual Life Assurance Company of Canada.

Nancy is the editor of Consolidated Insurance Companies Act of Canada, Regulations and Guidelines, 2017 Edition published by Thomson Reuters. She has co-authored the Canadian chapter of Anti-Money Laundering International Law and Practice, published by John Wiley & Sons. She has co-authored a public consultation paper on insurance law reform in Ontario. She acted as an advisor to insurance regulators, having served as a member of the Insurance Legislation Review Project established by the Ontario Government to make detailed recommendations for modern provincial insurance legislation and as a member of the Financial Services Commission Ontario Insurance and Deposit Institutions Legal Advisory Committee.

Nancy is a frequent writer and speaker on regulatory, privacy, anti-money laundering and e-commerce matters concerning banks, insurance companies and other financial institutions.

Nancy received her JD from the University of Toronto, her MA (International Politics) from Queen’s University, and her BA (Hons.) (Political Science and History) from Mount Allison University.