WATERLOO, ON, May 15, 2013 /CNW/ - Economical Insurance today announced that its 141st Annual General Meeting (AGM) will be held at 10:30 a.m., Monday, June 24, 2013, in the Bingemans Ballroom at 425 Bingemans Centre Drive in Kitchener. The company's 2013
management proxy circular has been mailed to mutual policyholders,
along with its annual report for 2012.
Attendance at this AGM is by invitation only.
During this AGM, mutual policyholders will hear from management, receive
the financial statements for the year ended December 31, 2012, and vote
on the appointment of the external auditor and the election of
As previously reported, Economical is waiting for regulations from the
federal Department of Finance that are required in order to proceed
with the company's previously announced demutualization process.
Accordingly, there will not be a vote by mutual policyholders on a
demutualization proposal at the June 24 AGM.
About Economical Insurance
Founded in 1871, Economical Insurance is one of Canada's leading
property and casualty insurers, with more than $1.8 billion in premiums
and more than $4.7 billion in assets. Based in Waterloo, this
Canadian-owned and operated company services the insurance needs of
more than one million customers through 17 branches and service offices
across the country. In 2010, Economical announced its decision to
become the first federally-regulated mutual property and casualty
insurance company to demutualize. Economical Insurance conducts
business under the following brands: Economical Insurance, Economical,
Western General, Economical Select, Perth Insurance, Family Insurance
Solutions, Federation Insurance and Economical Financial.
SOURCE: Economical Insurance
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