News

January 24, 2022

How to Detect a Phishing Campaign

Each year, cybercriminals get smarter and find new ways to get personal information from online users. A common method cybercriminals…

November 29, 2021

Iridium Announces Two New Managing Partners

We are very pleased to announce that Shelly Swartout and Andrew J. Barker have been promoted to Managing Partners at…

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; and Martin J. Delaney, Transactional & Surety Practice Leader Download the PDF version of…

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….

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.

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.

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.

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.

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.

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

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

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