TORONTO, Jan. 9, 2014 /CNW/ - Karen Gavan, president and chief executive
officer of Economical Insurance, is pleased to announce the appointment of Toomas (Tom) Reikman as
senior vice-president and chief operating officer (COO) effective
January 20, 2014. As COO, Mr. Reikman will report directly to the
president and CEO.
"Tom brings to Economical more than 20 years' experience in senior
leadership as well as significant breadth and depth of expertise in the
property and casualty industry, including commercial, personal and
group underwriting, marketing, and broker relationships," Gavan said.
"He is returning to Economical where he held senior leadership roles
between 1995 and 2006."
Most recently, Reikman has held various executive roles with Aviva
Canada including senior vice-president, Ontario region; senior
vice-president, Pilot Insurance Company and Scottish and York Insurance
Company; and senior vice-president, national marketing.
Founded in 1871, Economical Insurance is one of Canada's leading
property and casualty insurers, with $1.9 billion in annual premium
volume and $5.0 billion in assets as at September 30, 2013. Based in
Waterloo, this Canadian-owned and operated company services the
insurance needs of more than one million customers 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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