Author: jgwynne

February 10, 2025

Trends Impacting Directors’ & Officers’ Liability

Insurance is cyclical, and the laws of supply and demand control the insurance market. As we enter 2025, the market…

February 5, 2025

The Need for Contractor’s Pollution Liability

In recent years, concern for the environment has become a key topic for discussion on a global scale. Environmental accidents…

January 2, 2025

Sabath Nhanh Promoted to Risk Consultant

We are very pleased to announce the promotion of Sabath Nhanh to the role of Risk Consultant atIridium. Sabath joined…

November 30, 2024

Alberta Auto Insurance Update

On November 21, 2024 the Alberta Government announced automobile insurance reform in response to some challenges the industry has been…

November 7, 2024

Account Administrator – Commercial Lines

Iridium Risk Services Inc. is a provider of risk management advisory and insurance broking services,specializing in companies with complex and…

October 30, 2024

Director’s & Officers Liability Marketplace Insights Q4 Updates

WHAT TO EXPECT With new and existing insurers seeking opportunities in this space, we’re seeing a continued decline in D&O…

October 30, 2024

Cyber Liability Marketplace Insights Q4 Update

NEW TRENDS WITH AN EYE TO 2025 Recent wide-scale events like CDK and Crowdstrike that hit in Q3 and continued…

October 23, 2024

Barry Smith joins Iridium Risk Services as Risk Consultant

We are very pleased to announce that Barry Smith has joined the Iridium Risk Services team in therole of Risk…

October 17, 2024

Scott Gummerson Joins Iridium as Risk Advisor

We are very pleased to announce that Scott Gummerson has has joined the Iridium Risk Servicesteam in the role of…

October 15, 2024

Graham Duff Promoted to Risk Consultant

We are very pleased to announce the promotion of Graham Duff to the role of Risk Consultant atIridium. Before joining…

As we approached our first renewal with Iridium, I was extremely impressed by the team’s operational technical expertise in helping us construct an insurance program most suitable for our risks and their ability to clearly and concisely explain everything as we went through the process. The Iridium team were able to negotiate a fair price for Battle River, in a tough market, and was always quick to respond to any questions we had. Our first renewal went much smoother than I ever could have expected, and we really enjoyed working with them.

—Lance Dunn
Chief Financial Officer,
Battle River Energy Ltd.

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.

Through the last two companies I’ve been involved with, I have partnered with Iridium for the last 10+ years. They continue to impress me with their energy industry expertise and unique focus on managing the broad spectrum of enterprise risks that energy companies face. They currently provide Aureus with year-round prompt support and valuable risk advice integral to our fast-paced and geographically spread-out operations. Iridium has been a great advocate for Aureus in the insurance marketplace and has helped us navigate the challenges of our company’s growth, cost-effectively. They also routinely take time to meet and educate members of our team on insurance coverages and industry leading risk management practices. Aureus considers Iridium a valued risk management advisor and have integrated them into our team. We highly recommend them to any company.

—Ron Hozjan, VP Finance & CFO, Aureus Energy Services

We were impressed with the depth of research and analysis Iridium preformed in determining our operational exposures and regulatory insurance requirements. Iridium developed and executed an intelligent marketing strategy which resulted in a competitively priced insurance program that reflected our exposure needs. We now consider them to be our partner in risk management.

—Bruce Sherley
P.Eng, President,
Dundee Oil and Gas Ltd.

We are very pleased with the expertise and service that we receive from Iridium. We take comfort that our representatives at Iridium have a current understanding of market conditions and combined with the investment they make in understanding our business and risks, we are highly confident that we are getting the best coverage and competitive premiums. The people at Iridium are very attentive and responsive to our needs. I would highly recommend them to anyone.

—C. Dean Setoguchi
Vice President & CFO,
Keyera Corp.

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.

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.

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