Economical Executive Changes

WATERLOO, ON, Aug. 31, 2015 /CNW/ - Economical Insurance today announced that Ed Berko has left the company to pursue other endeavours.

"We thank Ed for his positive contributions to the company over the past two years as senior vice-president and chief risk officer and wish him the very best for the future," said Karen Gavan, president and CEO of Economical Insurance.

Economical also announced that Philip Mather, senior vice-president and chief financial officer, will take on the accountabilities of chief risk officer on an interim basis, providing day-to-day support to the enterprise risk management function. Tracy Mann, vice-president, operational risk oversight, will be appointed interim chief compliance officer.

About Economical Insurance
Founded in 1871, Economical Insurance is one of Canada's leading property and casualty insurers, with approximately $2.0 billion in annualized premium volume and $5.3 billion in assets as at June 30, 2015. Based in Waterloo, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. 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

For further information: Media Inquiries: Doug Maybee, manager, public and media relations, Economical Insurance, (T) 519.570.8249, (C) 519.404.0989,


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