Insights

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…

February 18, 2018

E&P Pollution Liability: Current Challenges and Future Opportunities

Iridium was pleased to host close to 80 guests at a seminar entitled “E&P Pollution Liability: Current Challenges and Future…

December 19, 2016

Cyber Security: An Evolving Exposure for the Energy Sector

Iridium was pleased to host more than 50 guests at a seminar entitled “Cyber Security: An Evolving Exposure for the…

When TransCanada Turbines aligned our business with Iridium, you were dealing with a group of TCT people with very limited exposure to the Risk/Insurance industry. Your ability to articulate insurance matters and jargon into clear terms enabled us to feel comfortable with all of our insurance and contractual decisions. Your team’s willingness to support our business for everything from education and transformational activities to our frequent questions regarding our transactional business dealing has been over the top. We will tell you that TransCanada Turbines would not hesitate to recommend Iridium to anyone. Your team service is excellent, your approach is transparent and your willingness to help is tireless. We look forward to a long and symbiotic relationship with the entire Iridium Team. Well done!

—Tim Wilcox
Vice President,
TransCanada Turbines

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.

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 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.

Since partnering with Iridium Risk Services, we have benefited greatly from their knowledge and enthusiasm to build an insurance program that addresses the unique exposures in our industry. The team at Iridium has been incredibly responsive and meticulous in providing advice and reviewing contracts. The attention to detail they have shown through the risk workshop process and on an ongoing basis is exactly what has made them stand out as a risk management partner to Fresnel (Vitruvi). As our company expands, we know we can rely on Iridium to provide continuous support and help our company achieve its goals.

—Allan Schaefer, Director of Finance, Vitruvi Software

The Iridium team is very enthusiastic, knowledgeable and professional, and consistently provides timely and relevant advice regarding insurance and risk management issues that are of importance to Propak. Iridium generated underwriter interest in our account through a strategic marketing exercise that resulted in policy coverage improvements alongside a reduction in premium. Iridium analyzed our insurance program and policies, identifying gaps in coverage and wording improvements and proposing and placing new policies, ultimately optimizing our insurance program. Propak is pleased to be working with such a talented and committed team at Iridium. I wish we had made the change years ago!

—Barry C. Taylor, CA
VP Finance and Administration,
Propak Systems Ltd.

Iridium’s energy industry knowledge, technical expertise, and meticulous attention to detail gives us the confidence that our exposures are properly managed. The people at Iridium are true risk management and insurance professionals and I would strongly recommend their services to any firm operating in our industry.

—Scott Kirker
Secretary and General Counsel,
Tourmaline Oil Corp.

Read Testimonials