VANCOUVER, March 6, 2014 /CNW/ - Economical Insurance, one of Canada's leading property and casualty insurance companies, today announced the retirement of Harry Kloosterhuis as president and chief executive officer of Vancouver-based Family Insurance Solutions Inc. effective June 30, 2014. Family is the largest provider of private optional auto insurance in British Columbia.
"We are pleased to offer Harry our best wishes after a remarkable 35-year career in the insurance industry," said Jorge Arruda, senior vice-president, sales, distribution and underwriting operations at Economical Insurance, Family's parent company. "He joined Economical Insurance in 1998 to launch and lead the broker acquisition division. In 2003, he joined Family as president and became chief executive officer in 2010. Under Harry's leadership, Family has grown profitably over the years, almost tripling its gross written premiums in 10 years.
"We thank Harry for his dedication and congratulate him on this milestone," added Arruda. "We wish him a long, healthy and prosperous retirement."
In September, Economical integrated the distribution, underwriting and policy administration of its personal insurance business in BC under Family. This eliminates duplication, increases efficiency and simplifies decision-making for brokers and policyholders in the province.
Founded in 1871, Economical Insurance is one of Canada's leading property and casualty insurers, with $1.9 billion in annual premium volume and $5.1 billion in assets as at December 31, 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 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.
About Family Insurance Solutions Inc.
Founded in 1989 and acquired by Economical Insurance in 1999, Family Insurance Solutions is a managing general agent that provides choice for British Columbian motorists when they purchase their optional auto insurance. Family also offers personal property insurance to consumers in BC. Family's products can be purchased through its network of more than 400 broker partners in the province. Family Insurance Solutions was selected as one of British Columbia's top employers for 2012. It also ranked third in the most recent IBABC insurer performance survey.
SOURCE: Economical Insurance
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