Insights

April 5, 2021

Benefits of Trade Credit Insurance

Trade Credit is vital to the commercial world as it allows businesses to receive goods or services in exchange for…

March 30, 2021

Trends Impacting Directors’ & Officers’ Liability in 2021

By Danielle Gorst, National Practice Leader, Financial Lines. Iridium is pleased to release its 2021 Trends Impacting Directors &…

February 11, 2021

Five Risky Misconceptions about Cyber Insurance that are Detrimental to your Business

By Wesley Robinson, Risk Advisor According to leading global insurer Allianz and their most recent risk barometer, cyber risk…

December 4, 2020

How can cyber crime affect your business?

Did you know that there has been a 600% increase in phishing attempts from Cyber criminals due to Working from…

June 16, 2020

Private Company Management Liability

Directors and Officers of private companies can be held liable for their decisions made on behalf of the organization. Lawsuits…

June 9, 2020

Return to Work Plans Following the COVID-19 Pandemic

The COVID-19 pandemic has interrupted many businesses across the country. While it’s unclear how long COVID-19 will continue to affect…

May 22, 2020

Marketplace Insight Spring 2020

A Hard Market & A Historic Downturn Canadian insurance companies have done a good job of rapidly shifting priorities to…

April 20, 2020

Trends Impacting Directors’ & Officers’ Liability – COVID-19

As you review the trends below, consider your Directors and Officers Liability Insurance Program and its effectiveness and response. …

May 27, 2019

Trends Impacting Directors and Officers Liability in 2019

Iridium Navacord is pleased to release its first annual Trends Impacting Directors’ & Officers’ Liability report for 2019. Public…

May 24, 2019

Downhole Equipment Insurance – Cover Your Stuck or Lost Downhole Tools

Iridium Risk Services is an industry leader in providing risk management advice and insurance solutions to companies operating…

“Enerflex is a complicated global account and I have been extremely impressed with the way that the team at Iridium has been able to dissect and understand our risks to ensure our policies are appropriate for our organization. There are a number of touch points around the globe and the team at Iridium has seamlessly coordinated our program. I am extremely pleased with the risk management focus of Iridium and the results that their unique approach has brought to our company.”

—Jeremy Weatherhead
Treasurer,
Enerflex Ltd.

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.

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 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.

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 have an expectation at Enerplus for accuracy and timely service. We also require our Broker have legal & policy expertise and the technical resources to enable us to fully manage our portfolio of risk exposures. Iridium has not only delivered and exceeded our expectations in each category, they have also shown a commitment to my team and to our organization that goes far beyond the standard scope of services.

—Marley Drainville
Manager Risk Management,
Enerplus

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