Saldaña, Carvajal & Vélez-Rivé, PSC

Saldaña, Carvajal & Vélez-Rivé, PSC is one of the most prestigious full-service firms in Puerto Rico. For over 25 years, it has focused its practice on insurance defense and coverage disputes, advocating on behalf of insurers, a wide variety of insureds and other industry players.

Its attorneys advise and defend clients on all manner of issues regarding financial and professional lines insurance, marine risks, property and casualty policies, surety, bonds, and reinsurance. In doing so, SCVR represents clients in both state and federal court, before Puerto Rico’s Office of the Commissioner of Insurance, other regulatory agencies, and in arbitration, appraisal and mediation proceedings.

More recently, following the destruction caused by Hurricanes Irma and María in the Island, insurers sought assistance from the Firm on issues pertaining to policy interpretation, negotiations with public adjusters and insureds, defending insurers from multimillion dollar fines imposed by the Commissioner of Insurance and ultimately, litigation of grossly exaggerated and allegedly fraudulent claims. The Firm handled mainly large losses, comprised of high-rise buildings, commercial/industrial accounts and government (municipal and state) claims. At the height of the claims deluge, the Firm was entrusted with counseling and litigation work representing more than $3.5 billion in losses.

By successfully handling complicated matters in a cost-effective manner, SCVR has cemented itself as the top insurance law firm in Puerto Rico. Its attorneys take pride in providing exemplary service and vigorous advocacy by paying close attention to clients’ needs and identifying creative solutions to protect their interests.

Practice Areas

We represent the insurance industry in all aspects of the business, including regulatory issues, policy drafting, insurance coverage analysis and litigation, bad-faith litigation, risk assessment, and policyholder’s defense under all types of coverage, including property and casualty, marine, financial lines, and surety. Regarding our insurance business, we have five main practice groups which include P&C, Marine, Financial Lines, Reinsurance and Regulatory.

We have represented many local and foreign insurance companies including AIG, MAPFRE, Chubb, Liberty Mutual Insurance Company, RLI, United Surety Indemnity Company (USIC), Berkley Insurance Company, Aspen American Insurance Company, Optima Seguros (formerly QBE Seguros), Guardian Insurance Company, CNA, Travelers, Starr Insurance and reinsurance companies such as Catlin (XL Catlin) Underwriting, Inc., MS Amlin Underwriting Limited, Aspen Insurance UK Limited, Liberty Special Services, Ltd and MAPFRE Re.

During the course of our practice, we have worked with the following industries or risks, and also provided the following services:.

  • Aviation (Cargo)
  • Marine (Cargo, Hull, P&I, Ship Repairers, Terminal Operators, Marina Operators, Yachts, Manufacturers and Distributors)
  • Banking & Finance (D&O Claims)
  • Class Actions (Including actions against Insurers)
  • Antitrust (Claims against Insurers)
  • Dispute resolution
  • Energy & Infrastructure (P&C claims)
  • Environment, Health & Safety (Toxic tort litigation)
  • Insurance & Reinsurance
  • Labor & Employment
  • Notarial services
  • Construction law
  • Surety (Payment & Performance Bonds, Financial Guarantee Bonds)
  • Local distribution laws
  • Commercial litigation
  • Bankruptcy (Creditor’s Rights)
  • General corporate law (Company formation and registration, acquisitions)
  • Medical malpractice
  • Professional malpractice (Including attorneys, notaries, construction and design professionals, insurance brokers and agents, and others)
  • Torts, Personal and Advertising injury

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Saldaña, Carvajal & Vélez-Rivé, PSC

Ian P. Carvajal, Esq.
Phone: 787-289-9250
Fax: 787-289-9253
Address: 166 Avenida de la Constitución San Juan, PR 00901