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…

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 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 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.

Iridium’s unique approach and in depth understanding for our business made for a thorough and seamless insurance placement. We can always rely on their guidance and exceptionally prompt responses. Iridium’s knowledge and strong service focus gives us confidence in knowing the job will get done right!

—Dave Hawkins, CA
Chief Executive Officer,
Groundforce geoDrilling Solutions Inc.

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

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.

Pure is a company that has grown significantly both in size and complexity over the last 10 years and required a new perspective on its overall risk management approach. Through a detailed and in-depth review of our Company and our business, Iridium was quickly able to immediately add value to Pure by helping us develop and implement a comprehensive insurance program that ensured appropriate coverage on a cost effective basis. Our senior management has been very impressed with both the professionalism and responsiveness of the Iridium team as we have made the transition from our previous provider. We look forward to a strong and long term business partnership between Pure and Iridium as our business continues to grow.

—Geoffrey D. Krause, CA, CPA
Vice President and CFO,
Pure Technologies

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