Insights

February 13, 2024

Five Benefits of Trade Credit Insurance

Trade credit insurance, sometimes called accounts receivable insurance, protects businesses when a customer fails to pay a trade debt. This…

February 11, 2024

2024 Directors and Officers Insurance Market Update

2023 welcomed attractive pricing and in many cases, single and double-digit premium reductions to D&O insurance programs, where the corporation’s…

January 9, 2024

Risk Insights | Are You Prepared for a Product Recall?

What can a risk manager learn from today’s major recalls and the large amount of media attention they attract? For…

December 21, 2023

December 2023 Marketplace Insights

Bucking the Trend There’s an old saying that you don’t know if there will be a recession until you’re in…

December 18, 2023

Transactional Risk Products

Representations and Warranties Insurance DOWNLOAD THE FULL ARTICLE | TRANSACTIONAL RISK PRODUCTS: REPRESENTATIONS AND WARRANTIES INSURANCE If you have…

December 12, 2023

Cyber Liability | Market Update Q4 2023

WHAT TO EXPECT Steady rates due to ample capacity in the market, following tough market conditions and unprecedented price adjustments…

December 12, 2023

Directors & Officers Liability | Market Update Q4 2023

“Things are changing so fast. Boards cannot be asleep at the wheel. They must continually ask questions of the C-Suite….

December 3, 2023

Manufactures E&O Insurance

Consider this scenario: a customer asks your company to manufacture a part according to certain specifications, which were outlined in…

December 3, 2023

Key Takeaways from AXA’s Future Risks Report

AXA has released the findings of its annual Future Risks Survey, detailing the most significant emerging threats facing countries and…

November 5, 2023

Cybercriminals Are Weaponizing Artificial Intelligence

Artificial intelligence (AI) has become increasingly popular in recent years, offering functions that simulate human intelligence. While AI technology offers…

The Iridium approach to insurance and risk management is very inclusive, encouraging representation from across the business to fully understand the business risks and requirements. The Iridium team brings extensive oil and gas experience, together with useful benchmarking, market research and relationships with insurers that results in intelligent and cost effective risk solutions. Iridium are an important part of our business and we share similar corporate values as Calgary based, owner managed teams with significant pride of ownership and determination to succeed.

—David French
CFO and VP Finance,
Burgess Creek Exploration Inc.

Manufacturing and installing infrastructure in the crypto industry has led to some interesting challenges. With Iridium Risk Services by our side, The Crypto Can Man has mitigated risks for our core business, and further, Iridium has helped the company navigate the growth of new ventures. The expertise and International industry awareness of the Iridium team has enabled The Crypto Can Man to expand internationally while identifying and controlling risk with an informed methodology. Iridium’s expertise and wide market view of the crypto industry is second to none.

Working in lockstep with Iridium provides the comfort and assurance necessary to enable sustainable growth in the crypto industry.

—David Billay, Chief Executive Officer, The Crypto Can Man Ltd.

We engaged Iridium as Crescent Point’s risk management and insurance partner because they encouraged us to take a big-picture view on risk. Their collaborative and analytical approach enabled us to gain a better handle of our exposures and allowed us to put rigour around our many risk-improvement initiatives. Iridium impresses our team with their ability to develop intelligent risk solutions and they have more than delivered on their promise to be our strongest claims advocate. Without question, I would recommend Iridium as a risk management partner to anyone.

—Steve Downing
Manager. Risk and Treasury,
Crescent Point Energy Corp.

We selected Iridium as our insurance partner as they provided a unique business and risk management focus that was aligned with our vision. Their team performed a comprehensive assessment of our insurance requirements utilizing a risk-assessment approach. Not only were we impressed with their initial assessment, but their ongoing service level, engagement and commitment has demonstrated to us that they are a valuable business partner. I would strongly recommend Iridium as a risk management partner.

—Stuart W. Jaggard
Chief Financial Officer,
Painted Pony Energy Ltd.

We had previously dealt with larger brokers exclusively, but in the past few years we were unhappy with the level of service we were receiving. Iridium routinely takes the time to meet with us to carefully review and address our evolving exposures. Iridium’s employees are very experienced and are well versed at explaining coverage nuances at an operational, executive and board level, which gives us confidence that we have appropriate insurance protection. Their knowledge of the marketplace is impressive, ensuring that we receive the most competitive terms available. With Iridium we believe that we receive excellent value and great service.

—Max Lof, MBA, CFA
Chief Financial Officer,
Surge Energy Inc.

Iridium’s knowledge of the international energy sector and our specific business strategy allows us to efficiently develop and continually manage our international operational risk profile. We can always count on the Iridium team to react promptly and professionally to any request, from minor insurance queries to exposure identification. Our experience with Iridium as a risk management partner has been positive and we look forward to our continuing working relationship in the future.

—Scott Budau CA
Chief Financial Officer,
Touchstone Exploration Inc.

We engaged Iridium at the same time that we were completing a large asset acquisition and a corporate merger. In order to identify our exposures, the team at Iridium invested the time required to understand our existing business and the new acquisitions. In addition, they worked closely with our staff to compile the data requested by our insurance providers. Overall, I am extremely pleased with the exceptional level of service provided by Iridium and value them as a trusted business partner.

—Brent R, Bracken, CA
Sr. Vice President, Finance & CFO,
Caltex Resources Inc.

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