News

November 29, 2021

Marketplace Insights November 2021

After more than two years into the hard market cycle there are finally some indicators that the end may…

October 29, 2021

Overcoming Cyber Threats in a 5G World

As the fifth generation (5G) mobile network becomes increasingly accessible, cybersecurity risks also increase. While 5G has many benefits, including…

October 15, 2021

Representations and Warranty Insurance Policies

By Geoffrey Cowling, Managing Partner Download the PDF version of this article The ability to insure risks associated with the…

October 8, 2021

How to Prioritize Cybersecurity?

Organizations today are under constant threat of cyberattacks as technology continues to evolve rapidly. Cybersecurity threats can not only compromise…

September 22, 2021

Heather Johnstone joins the Iridium team as Risk Advisor

We are very pleased to announce that Heather Johnstone has joined the Iridium Risk Services team in the role…

September 9, 2021

Tim de Jonge joins the Iridium team as Risk Advisor

We are very pleased to announce that Tim de Jonge has joined the Iridium Risk Services team in the role…

September 9, 2021

Iridium will honor the National Day for Truth & Reconciliation on September 30th

The National Day for Truth and Reconciliation is a new federal holiday in Canada on September 30th, which coincides with…

September 1, 2021

Hristo Minkovski Promoted to Risk Advisor

We are very pleased to announce the promotion of Hristo Minkovski to the role of Risk Advisor at Iridium….

September 1, 2021

Phillip Stawowiak Promoted to Risk Advisor

We are very pleased to announce the promotion of Phillip Stawowiak to the role of Risk Advisor at Iridium….

September 1, 2021

Joel Harrison Promoted to Risk Consultant

We are very pleased to announce the promotion of Joel Harrison to the role of Risk Consultant at…

The Iridium approach to insurance and risk management is very inclusive, encouraging representation from across the business to fully understand the business risks and requirements. The Iridium team brings extensive oil and gas experience, together with useful benchmarking, market research and relationships with insurers that results in intelligent and cost effective risk solutions. Iridium are an important part of our business and we share similar corporate values as Calgary based, owner managed teams with significant pride of ownership and determination to succeed.

—David French
CFO and VP Finance,
Burgess Creek Exploration Inc.

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.

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 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 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 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.

Fraser Surrey Docks is undertaking significant changes to our operations and we were looking for an expert who would work with us to address our evolving risk needs. Iridium’s understanding of our objectives, understanding of our industry and their risk-based consultative process was exactly what we needed. Iridium is incredibly responsive and they have become an invaluable member of our risk management team. The benefits to Fraser Surrey Docks in engaging a dynamic firm like Iridium continue to emerge and we would recommend them as a risk management partner to any of our West Coast peers.

—Leonard Cox
Chief Financial Officer,
Fraser Surrey Docks

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