Economical Executive Changes

WATERLOO, ON, Nov. 17, 2015 /CNW/ - Economical Insurance today announced that Michael Gagnier has left the company to pursue other endeavours.

"We thank Michael for his leadership over the past three years as senior vice-president and chief information officer and wish him success in the future," said Karen Gavan, president and CEO of Economical Insurance. "We appreciate Michael's contributions to the company, most notably leading our IT transformation project."

Economical also announced that Alice Keung has joined the company as interim chief information officer, effective immediately. Ms. Keung, a seasoned IT executive with extensive public and private sector experience, was named to the Top 100 Most Powerful Women in Canada in 2004 and 2007. She brings to Economical significant expertise leading major technology transformations, establishing effective governance frameworks, and building high performance teams.

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 September 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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