SDV Insights

International Insights

If it Quacks Like a Duck...Ontario's Newest Views on Self-Insured Retentions and Deductibles

Self-insured retentions ("SIRs") and deductibles are often confused with one another. In a recent decision, Henry v. Thyssenkrupp Elevator (Canada) Limited, the Ontario Superior Court of Justice found that an SIR is similar and functionally related to a deductible. Although the policy in question was subject to an SIR, the Court treated it like a deductible. This case may prove helpful to Canadian policyholders seeking additional insured coverage.

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Signed, Sealed and (Almost) Delivered: EU Council Authorizes Signing of U.S. - EU Bilateral Insurance Agreement

On July 14, 2017, the Trump administration released a statement indicating that the United States intends to sign the U.S. - EU bilateral insurance agreement. The announcement came several weeks after the Council of the European Union adopted a decision authorizing the signing of this agreement.

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As Uncertainty Looms Post-Brexit, London Market Group Publishes Recommendations to UK Government

On March 29, 2017, Prime Minister Theresa May triggered Article 50 of the Treaty of Lisbon, which gives any member of the EU the right to leave. The UK has the next two years to negotiate an exit deal, which means that, barring any extensions, the UK will officially leave the EU by April of 2019.

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Ontario Courts Weigh in on International Arbitration Issues

Two Canadian cases have recently touched upon the concept of international arbitration provisions and enforcement of international arbitral awards.

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SDV Visits Slovakia, Expanding International Reach

SDV has been serving policyholders and insurance brokers in the United States for over 20 years. As part of its continuing growth, SDV has been expanding its insurance coverage expertise to include more multinational clients. The firm feels it can bring a unique perspective to growing insurance markets, such as Central and Eastern Europe.

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Oil and Gas Activities in Mexico Face New Insurance Requirements

Mexico recently issued a new set of minimum insurance requirements for companies engaging in certain oil and natural gas activities including exploration, production, processing, and refining.

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SDV is based in Connecticut, conveniently located between New York City and Boston, with regional offices in Florida and California to better serve our clients. We're ready to answer your questions and eager to assist you in developing solutions.