News

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…

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 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

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 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.

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.

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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