Insights

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…

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…

June 12, 2024

The Importance of Pollution Liability for Businesses

Pollution liability is a critical concern for Canadian companies across various industries. Environmental incidents can have severe consequences, leading to…

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…

Iridium conducted an in-depth review and analysis of our company’s operations and risk management processes. It was an incredible value-add to our business and gave us insights as to how we could make our insurance program more effective, in addition to enhancing our overall risk management process. The team at Iridium was knowledgeable, detail oriented, and timely in responding to all our requests and requirements. There is no doubt in my mind that Iridium’s expertise enabled us to achieve favorable terms on our renewal while also helping to simplify and clarify some of the coverages. Their ability to explain complex coverage considerations and policy wordings provided us with a strong confidence level with their recommendations. Overall, we are very satisfied with Iridium’s service, which we feel is tailored to our business and we are confident our risk management needs are being addressed by the team.

—Shaun Gawryliuk, Chief Financial Officer, Terracon Geotechnique Ltd.

Iridium earned our business through their fresh, consultative approach to helping us manage the risks faced by our business every day. Iridium was able to identify gaps in our insurance and risk management program and bring innovative, thoughtful solutions to the table while being cost conscious through the process. Iridium is indispensable to any oil and gas producer as their availability and expertise in risk management and insurance has us deem them as a partner versus a service provider.

—Craig W. Albert CGA
Controller,
Zargon Oil & Gas Ltd.

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.

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 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.

Iridium provides us with the guidance we need to ensure we have the proper coverage for our business. Iridium goes beyond the traditional broker role enabling us to explore different and new avenues that helped identify and address our various risk exposures.

—Marcia Elaschuk, CMA
Controller,
Divestco Inc.

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.

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