Skip to Content

Energy (E&P and Oilfield)

“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.

“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.

“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.

“The team at Iridium is professional, approachable and knowledgeable. Prior to the sale of our business, insurance was managed by an internal risk management corporate group. Iridium was engaged to establish insurance coverage within a short period of time for the standalone business. Iridium was intimately involved in proposing solutions to mitigate risk and brought significant cost savings to our business. Iridium is a true risk partner for our business; providing education and training, expert contract review and risk assessments, along with a strong understanding of our company’s exposures and insurance coverage.”

Wes Morningstar,
Chief Executive Office and Director
Canlin Energy Corporation

“Over the many years that we have worked with Iridium they have continuously impressed us with their energy industry expertise, broad insurance market penetration and unfailing enthusiasm. We are particularly pleased with Iridium’s inventive attitude and strong relationships within the insurance industry which have resulted in the quick and above expected closure of several complex claims. Iridium has proven to be an important value adding partner to our organization and we look forward to a continued relationship in the future.”

Michael Makinson, CA,
VP Finance & CFO
Cona Resources Ltd.

“Since the company’s inception, Iridium has always put their technical expertise on display during annual and midterm evaluations of our operational and executive level exposures. They also thoroughly understand our need to remain cost conscious while ensuring we have adequate coverage in place. Most importantly, their service standard is second to none. We feel this long term business relationship will continue for many years to come.”

Dennis Feuchuk,
Chief Executive Officer
Canadian Coyote Energy 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 Insurance
Crescent Point Energy Corp.

“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.

“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

“What impresses us about Iridium is not only their extensive knowledge of insurance and risk management, but their attention to detail when it comes to understanding the unique operations of the companies OMERS Energy oversees. Their ability to respond and act at a moment’s notice is also an attribute we deem invaluable due to the many asset transactions we are involved in. We regard Iridium as a partner and truly see them as an asset to our business.”

Scott Bonli,
Chief Financial Officer
Gain Energy

“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.

“The team at Iridium handled our significant pollution liability claim like the consummate professionals we’ve come to know them as. We felt supported throughout the entire process and knew Iridium always had our back. Whether it be in dealings with insurers, adjusters or third party experts, they advocated for us every step of the way. We are very grateful for their level of involvement and the ultimate settlements along the way.”

Graydon Glans
Chief Financial Officer
Highwood Oil Company 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.

“From day one the team at Iridium has shown a commitment to researching and implementing the best possible solution for Pacesetter’s insurance needs which has met both our unique corporate and operational objectives. Iridium has demonstrated their knowledge of the different products and carriers and has demonstrated their commitment to privacy, confidentiality and discretion concerning the corporate information discussed in transacting with Pacesetter. Further, the Iridium team is committed to providing efficient, accurate support and service on all matters concerning our insurance and risk items as they come up.”

Chad Robinson,
Chief Financial Officer
Pacesetter Directional Drilling 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, CA,
Chief Financial Officer
Painted Pony Energy Ltd.

“We can always count on Iridium to be available at a moment’s notice. Whether it be to discuss a random insurance related topic, review a contract, or request documentation for board level meetings, they always deliver regardless of timing. Iridium has been great at bringing forward ideas, issues and solutions that have helped Perpetual build a better insurance program. They also introduced us to a new marketing strategy of building direct relationships with the underwriting community. Not only did it pay dividends at the time Iridium first became our broker, but it has continued to do so in subsequent renewals. Their professionalism, ability to speak on a technical level and refreshing style are all big reasons why our firms continue to do business.”

Jeffrey R. Green,
Vice President, Corporate and Engineering Services
Perpetual Energy Inc.

“As our company grows and our operations diversify, we rely on our broker to guide us through coverage considerations and exposure identification. Iridium has exceeded our expectations in this regard and has done it with a service standard that is absolutely phenomenal. Our experience with them has been very positive and we would recommend them to all companies operating within the energy sector.”

Joel MacLeod,
President
Predator Oil Ltd.

“Pronghorn was impressed with Iridium’s comprehensive review of our business. Iridium immediately identified the threats faced by our business and the opportunities to eliminate or reduce risk. Their appointment culminated in the development and implementation of a comprehensive insurance program that gives us superior protection on a cost-effective basis. Since then, Pronghorn’s management has been impressed with the ongoing commitment of the Iridium team, their high degree of professionalism, clear communication style, and educational assistance with risk and insurance matters.”

Jason Boyd, CPA,
Sr. VP Finance & CFO
Pronghorn Controls Ltd.

 

“The team at Iridium understands our business and works tirelessly to get us the best coverage possible at the best rates possible. We appreciate that they stay connected to Seven Generations Energy throughout the year and provide consistently excellent customer service. We are thrilled to have Iridium as a valued partner in risk management.”

Kevin Johnston, CA,
Vice President, Accounting & Controller
Seven Generations Energy Ltd.

“Iridium’s risk workshop opened our eyes to a new way of evaluating our operational and executive risks. It was clear from the onset that they think differently than other insurance providers. They are true energy industry experts. We were thoroughly impressed with the results they uncovered and also the outcome of our latest renewal, which incorporated a number of their recommendations.”

Mike Hearn,
Chief Financial Officer and Corporate Secretary
Storm Resources Ltd.

 

“We had previously dealt with larger brokers exclusively, but in the past few years we were unhappy with the level of service we were receiving. Iridium routinely takes the time to meet with us to carefully review and address our evolving exposures. Iridium’s employees are very experienced and are well versed at explaining coverage nuances at an operational, executive and board level, which gives us confidence that we have appropriate insurance protection. Their knowledge of the marketplace is impressive, ensuring that we receive the most competitive terms available. With Iridium we believe that we receive excellent value and great service.”

Max Lof, MBA, CFA,
Chief Financial Officer
Surge Energy Inc.

“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. With respect to our Directors’ and Officers’ Liability coverage, they spend the time to educate and help us navigate an increasingly difficult market. We feel that we are in great hands with Iridium in providing valuable protection for our board members and executive team.

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.

“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.

“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 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.