News

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…

July 21, 2021

Assessment & Mitigation of Critical Boiler and Machinery Equipment Failure

When it comes to the protection of critical equipment, regulatory compliance and industry standards only go so far. In order…

July 12, 2021

Marketplace Insight June 2021

The Slow Grind To The “Next Normal” Insurers are inching their way back to profitability. But the pandemic has prolonged…

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.

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.

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

We were impressed with the depth of research and analysis Iridium preformed in determining our operational exposures and regulatory insurance requirements. Iridium developed and executed an intelligent marketing strategy which resulted in a competitively priced insurance program that reflected our exposure needs. We now consider them to be our partner in risk management.

—Bruce Sherley
P.Eng, President,
Dundee Oil and Gas Ltd.

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 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.

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