TORONTO, Jan. 21, 2014 /CNW/ - Economical Insurance is pleased to announce the appointment of Max Weis as vice-president, corporate development effective January 21, 2014. Mr. Weis will report directly to Phil Mather, Economical's chief financial officer.
"We are delighted to add Max's expertise and focus to our increasingly sophisticated corporate development capabilities," Mather said. "Max will be integral to Economical's continued focus on its demutualization and public company readiness activities. As an active member of the company's demutualization team, he will be accountable for the further development and implementation of the company's M&A strategy, strategic partnerships and key stakeholder relationships."
Before joining Economical, Max held various roles with RBC Capital Markets. He was most recently managing director in corporate finance where he advised on a range of public and private equity and debt transactions, acquisitions, mergers and other related transactions. Max brings many years' experience in corporate finance senior leadership roles as well as sophistication in valuation and modeling practices.
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 September 30, 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 demutualize. 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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