Economical Insurance announces results of its annual meeting

WATERLOO, ON, May 8, 2017 /CNW/ - Economical Mutual Insurance Company today announced that John Bowey (Board Chair), Elizabeth DelBianco, Barbara Fraser, and Rowan Saunders (President and Chief Executive Officer) have been elected to the Board of Directors of Economical Mutual Insurance Company for a three-year term of office ending at the close of the annual meeting in 2020.

Their nominations were listed in the 2017 management proxy circular, dated April 10, 2017, relating to the company's annual meeting held today in Kitchener, Ontario. The votes were conducted by a show of hands. The following table sets out the votes represented at the annual meeting by proxy that would have been voted for or withheld from each nominee had a ballot been called (including the percentage of the aggregate number of votes represented by proxy reflecting those for or withheld proxy votes):

Nominee

Votes For

% For

Votes
Withheld

% Withheld

John Bowey

264

98.88

3

1.12

Elizabeth DelBianco

262

97.76

6

2.24

Barbara Fraser

262

97.76

6

2.24

Rowan Saunders

262

97.76

6

2.24

 

About Economical Insurance
Founded in 1871, Economical is one of Canada's leading property and casualty insurers, with more than $2.1 billion in premiums during 2016 and $5.4 billion in assets as at March 31, 2017. 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, Petsecure, 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, doug.maybee@economical.com

RELATED LINKS
www.economical.com

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