WATERLOO, ON, June 24, 2015 /CNW/ - Economical Mutual Insurance Company today announced that Dan Fortin, Gerald A. Hooper and W. David Wilson were 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 general meeting in 2018.
Their nominations were listed in the 2015 management proxy circular, dated May 8, 2015, relating to the company's annual general meeting held today in Kitchener, Ontario.
The company also announced that the adoption of the company's By-law No. 5 (Advance Notice By-law) was approved at the annual general meeting. The Advance Notice By-law is intended to provide an orderly, transparent and fair director nomination process, and allows members to fully participate in the director election process in an informed and effective manner.
About Economical Insurance
Founded in 1871, Economical Insurance is one of Canada's leading property and casualty insurers, with $2.0 billion in annual premium volume and $5.2 billion in assets as at March 31, 2015. Based in Waterloo, this Canadian-owned and operated group 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: Doug Maybee, Economical Insurance, (T) 519.570.8249, (C) 519.404.0989, [email protected]