News

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 10, 2024

Graeme Shea Promoted to Risk Consultant

We are pleased to announce the promotion of Graeme Shea to the role of Risk Consultant at Iridium. Graeme graduated…

January 10, 2024

Jared Nash Promoted to Risk Consultant

We are pleased to announce the promotion of Jared Nash to the role of Risk Consultant at Iridium. Before joining…

January 10, 2024

Gibran Qureshi Promoted to Risk Advisor

We are pleased to announce the promotion of Gibran Qureshi to the role of Risk Advisor at Iridium. Prior to…

January 10, 2024

Gibran Qureshi Promoted to Risk Advisor

We are pleased to announce the promotion of Gibran Qureshi to the role of Risk Consultant at Iridium. Prior to…

January 10, 2024

We are pleased to announce the promotion of Graeme Shea to the role of Risk Consultant at Iridium. Graeme…

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…

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.

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

Iridium took the time to meet with our rail logistics and tidewater terminal operating teams to learn about Sultran’s overall business activities and related risks. The Iridium team’s analysis of our risks was very comprehensive and resulted in the design and placement of an insurance program that vastly improved coverage of our identified risks. Their prompt service, knowledge of managing risks and attention to detail has been impressive and extremely helpful. Not only has Iridium talked the talk, they’ve walked the walk.

—Warren Barker
Director of Finance and Administration & Corporate Secretary,
Sultran Ltd.

I have to say that I am one happy customer. Iridium and NMB have delivered significant value to WesternZagros with the insurance policies that we have had in the past and the support with the claim, and now with a very competitive quote for insurance going forward. I pass on the gratitude of our entire executive team for this support, as I have to say that without your assistance I do not believe we would have achieved the success we have had recently at Sarqala.

—Greg Stevenson
Chief Financial Officer,
WesternZagros Resources Ltd.

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.

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.

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