“Iridium brings a very unique and balanced approach to risk management and insurance. It is deeply rooted in a thorough understanding of the oil and gas business and company specific risks. They are extremely focused on developing and executing a calculated yet very practical risk management solution. What more can I say… Iridium delivered what they promised and we consider them a trusted business partner.”
Vice President of Finance
Advantage Energy 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.”
Chief Financial Officer
Battle River Energy Ltd.
“We recently moved our operational and executive insurance programs to Iridium and have been thoroughly impressed by their industry specific expertise and professionalism. Iridium aided in a recent corporate reorganization and was available on a prompt basis to clearly articulate the nuances of coverage and current market conditions during the process. We were pleased with the results following the reorganization as Iridium was able to tailor our programs to our exact specifications given our two distinct asset bases. We have gained considerable knowledge by all of their presentations, their responsiveness, and I am confident that our risk management needs are being addressed better than they were prior to the switch.”
Braydin Brosseau, CPA, CA
Vice President, Finance & CFO
Blackspur Oil Corp.
“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.”
CFO and VP Finance
Burgess Creek Exploration Inc.
“After dealing with some of the larger global brokers for many years, I decided to consult Iridium regarding a problematic D&O Liability renewal. They provided an honest and transparent assessment and then executed a strategy that resulted in a very substantial resolution for us. Given this experience we engaged them further and were very impressed by their technical operational oil and gas knowledge base and ability to provide not only insurance expertise, but most importantly a sound approach to overall risk management.”
Vice President, Finance and Chief Financial Officer
Caledonian Midstream Corporation and Wildcat Royalty Corporation
“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.”
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.
“The Cor4 team has worked with the Iridium team across many organizations over the past 10+ years and continues to be impressed with their level of knowledge and attention to detail when it comes to managing our unique business risks. They consistently provide Cor4 with timely service and advice not only during our insurance renewal period, but throughout the year as well. These are challenging times and we are very pleased with how Iridium managed the renewal process this year and with the results ultimately delivered.”
VP Finance & CFO
Cor4 Oil Corp.
“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.”
Manager, Risk and Insurance
Crescent Point Energy Corp.
“I have been fortunate to work with the Iridium team over the past number of years and I can not say enough about the exceptional level of service that they provide. They go above and beyond to understand the underlying risks of the organization and provide exceptional advice on how to best to mitigate those risks (this has been true in working with them in the Oil and Gas and Power Generation space). I have worked with a number of brokers in my career and Iridium is by far the best. I consider them a trusted advisor and would highly recommend their services”
Director, Finance and Corporate Planning
Heartland Generation Ltd.
“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.”
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
“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.
“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.
“We were referred to Iridium when Salt Bush was in a start up phase and have since transitioned to a comprehensive operational E&P insurance program. Having limited exposure to Upstream E&P risk management and insurance process prior to engaging Iridium, Salt Bush has consistently been impressed with the Iridium team’s technical expertise while assisting us to accurately define and understand our exposures. Our experience with them has been a positive one and we look forward to working with Iridium as Salt Bush continues to evolve.”
Salt Bush Energy 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.
“I’ve been working with Iridium for several years across all lines of insurance coverage including Property, Casualty and D&O. The team at Iridium is second to none – their service is excellent, the industry knowledge is best in class and their risk management advice has proven to be invaluable. It’s a true partnership with Iridium because they tirelessly advocate for us in terms of pricing, coverage and claims handling.
I highly recommend Iridium as the risk management partner of choice.”
Steel Reef Infrastructure Corp.
“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.”
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.”
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.”
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,
Zargon Oil & Gas Ltd.