WATERLOO, ON, June 4, 2014 /CNW/ - Economical Insurance is pleased to welcome Hans Reidl as vice-president, finance, reporting directly to Phil Mather, Economical's chief financial officer.
"Hans brings strong operational expertise and experience in financial reporting within a public company environment, integral to our continued focus on demutualization and public company readiness," Mather said. "He leads our corporate financial accounting and reporting teams, the financial planning and analysis team and the finance operations function. Hans also provides oversight and support to the reinsurance and procurement functions."
Most recently, he was vice-president, finance at ATS Automation Tooling Systems in Cambridge where he acted as the finance lead for a number of divisions as well as having previous corporate controller responsibilities. Prior to ATS, he was a senior manager in the assurance and advisory services practice with Ernst & Young in Kitchener-Waterloo where he worked with a number of financial services clients.
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