WATERLOO, ON, May 16, 2014 /CNW/ - Economical Insurance today announced that its 142nd Annual General Meeting (AGM) will be held at 10:30 a.m., Tuesday, June
24, 2014, in the Bingemans Ballroom at 425 Bingemans Centre Drive in Kitchener. The company's 2014
management proxy circular has been mailed to mutual policyholders,
along with its annual report for 2013.
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, 2013, 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 $1.9 billion in annual premium
volume and $5.0 billion in assets as at March 31, 2014. Based in
Waterloo, this Canadian-owned and operated group 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
pursue demutualization. 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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