Economical Announces Executive Change

WATERLOO, ON, Aug. 18, 2016 /CNW/ - Karen Gavan, President and CEO of Economical Insurance, one of Canada's leading providers of home, auto, and commercial insurance, today announced that Chris Van Kooten, Senior Vice-president and Chief Underwriting Officer at Economical, will be leaving to pursue other endeavours.

"Chris has made significant contributions since joining Economical eight years ago, increasing our sophistication in pricing and analytics," said Gavan. "We appreciate all he has done for Economical and wish him well in the next phase of his career."

Mr. Van Kooten's last day at Economical will be Friday, August 26, 2016. The company has initiated a search to replace him.

About Economical Insurance
Founded in 1871, Economical is one of Canada's leading property and casualty insurers, with $2.0 billion in premiums during 2015 and $5.4 billion in assets as at June 30, 2016. Based in Waterloo, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. Economical conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Sonnet, Economical Financial, and Family Insurance Solutions.

SOURCE Economical Insurance

For further information: Doug Maybee, Manager, Public and Media Relations, Economical Insurance, (T) 519-570-8249, (C) 519-404-0989; David Bradfield, Vice-president, Communication, Economical Insurance, (C) 647-223-5192

RELATED LINKS
www.economical.com

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