Economical Insurance

About Economical Insurance

Founded in 1871, Economical is one of Canada’s leading property and casualty insurers. Based in Waterloo, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. Economical Insurance includes the following companies: Economical Mutual Insurance Company, Family Insurance Solutions Inc., Sonnet Insurance Company, Petline Insurance Company.

Industries:
Insurance
Contact Information:
Sarah Stevens
Manager, Media and Public Relations 
Tel: 877-859-4950 ext. 54042
Tel: Cell: 416-986-9360
Sarah.Stevens@economical.com

Latest

Oct 02, 2019, 14:30 ET Economical adds Robert McFarlane to its Board of Directors

WATERLOO, ON, Oct. 2, 2019 /CNW/ - Economical Insurance today announced that Robert McFarlane will be joining the company's board of directors, effective November 8, 2019. "Bob brings a strong...


Sep 27, 2019, 12:00 ET Economical Appoints Liam McFarlane as Chief Risk and Actuarial Officer

WATERLOO, ON, Sept. 27, 2019 /CNW/ - Economical Insurance today announced that Liam McFarlane, FCIA, FCAS, will be joining the company as its new Chief Risk and Actuarial Officer, effective October...


Aug 01, 2019, 15:57 ET Economical Insurance reports Second Quarter 2019 financial results

HIGHLIGHTS Our disciplined underwriting approach curtailed growth in the quarter, as gross written premiums were 1.5% lower than the prior year Our corrective actions and lower catastrophe losses...


Jul 03, 2019, 16:00 ET Economical Announces Chief Actuary Retirement

WATERLOO, ON, July 3, 2019 /CNW/ - Economical Insurance, one of Canada's leading property and casualty insurance companies, today announced that Linda Goss, Senior Vice-President and Chief Actuary,...


May 17, 2019, 13:00 ET Economical highlights commitment to social responsibility in latest report

WATERLOO, ON, May 17, 2019 /CNW/ - Today, Economical Insurance released its 2018 Public Accountability Statement, which is online and available for download. The report outlines the ongoing...


May 03, 2019, 11:20 ET Economical Insurance announces results of its Annual Meeting

WATERLOO, ON, May 3, 2019 /CNW/ - Economical Insurance announced today that Dick Freeborough, Micheál Kelly, and Michael Stramaglia have been re-elected to the Board of Directors of Economical Mutual ...


May 02, 2019, 15:40 ET Economical Insurance reports financial results for First Quarter 2019

HIGHLIGHTS Gross written premiums grew 8.4% over first quarter 2018, driven by continued growth from Sonnet and our personal lines platform, Vyne Improved combined ratio of 107.3% for the quarter...


Apr 05, 2019, 16:30 ET Economical Mutual Insurance Company announces details of 147th Annual Meeting

WATERLOO, ON, April 5, 2019 /CNW/ - Economical Insurance has announced that its 147th Annual Meeting will be held at 10:30 a.m., Friday, May 3, 2019, in the Ballroom of the Bingemans Conference...


Mar 20, 2019, 12:46 ET Eligible mutual policyholders of Economical Insurance vote overwhelmingly to continue with demutualization

WATERLOO, ON, March 20, 2019 /CNW/ - Economical Insurance has achieved a significant milestone along its path to becoming a public company. At a special meeting held today, 99% of eligible mutual...


Feb 21, 2019, 16:05 ET Economical Insurance reports financial results for Fourth Quarter and Full Year 2018

HIGHLIGHTS Gross written premiums grew 19.1% over fourth quarter 2017 and 7.4% over full year 2017 Sonnet gross written premiums grew to over $127 million in 2018 Combined ratio of 108.9% for the...


Jan 31, 2019, 16:30 ET Economical calls special meeting on demutualization and shares details of conversion plan

WATERLOO, ON, Jan. 31, 2019 /CNW/ - Economical Insurance has called the second special meeting on its demutualization. This follows authorization from the Office of the Superintendent of Financial...


Dec 12, 2018, 08:30 ET Economical employees give to their communities across Canada with donations totaling $32,500

WATERLOO, ON, Dec. 12, 2018 /CNW/ - This season of giving, Economical employees have selected 13 community-based organizations to receive $2,500 each. The Choose Your Charity program has granted...


Nov 27, 2018, 08:00 ET P&C brokers adopting social media to meet business goals, Economical survey reveals

WATERLOO, ON, Nov. 27, 2018 /CNW/ - The second annual social media Pulse Check survey by Economical Insurance reveals Canadian P&C insurance brokerages that self-identify as "ahead of the curve" on...


Nov 14, 2018, 16:30 ET A.M. Best affirms "A- (Excellent)" rating for Economical Insurance

WATERLOO, ON, Nov. 14, 2018 /CNW/ - A.M. Best affirmed today the Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of "a-" for Economical Mutual Insurance Company. The...


Nov 02, 2018, 13:26 ET Economical Insurance reports financial results for Third Quarter and Year-to-date 2018

FINANCIAL HIGHLIGHTS Gross written premiums grew 12.5% over the third quarter 2017 Combined ratio of 114.1% for the quarter, reflecting strategic investments, elevated catastrophe losses, and...


Sep 18, 2018, 09:30 ET Introducing Peppermint: Refreshingly Simple Pet Insurance

WINNIPEG, Sept. 18, 2018 /CNW/ - Petline, the first and only licensed insurance company in Canada to focus solely on pet health insurance, is launching Peppermint, a new pet insurance solution that...


Aug 02, 2018, 17:34 ET Economical Insurance reports financial results for Second Quarter and Year-to-date 2018

FINANCIAL HIGHLIGHTS Gross written premiums returned to growth overall, increasing by 1.4% over second quarter 2017 Reported a combined ratio of 114.5% for the quarter, including an impact of 7.4...


Jul 23, 2018, 07:00 ET Economical Insurance Adopts IBM Cloud to Drive Innovation and Scale

IBM (NYSE: IBM) today announced that Economical Insurance, one of Canada's leading property and casualty insurance companies, has adopted IBM Cloud to assist in streamlining its business processes,...


Jul 06, 2018, 08:00 ET Economical Select Sweepstakes winners collect more than $100,000 in prizes

WATERLOO, ON, July 6, 2018 /CNW/ - As this year's Select Sweepstakes contest comes to a close, eight lucky Economical Select group members are the winners of more than $100,000 in prizes. Throughout...


Jun 26, 2018, 12:51 ET Economical submits demutualization conversion plan for regulatory review

WATERLOO, ON, June 26, 2018 /CNW/ - Economical Insurance today announced that the company's demutualization conversion plan, a detailed document that outlines how Economical intends to convert from a ...


Jun 15, 2018, 08:30 ET Economical shares commitment to social responsibility in 2017 Public Accountability Statement

WATERLOO, ON, June 15, 2018 /CNW/ - The 2017 Public Accountability Statement for Economical Insurance is now online and available for download. It provides the details of social responsibility...


May 07, 2018, 13:28 ET Economical Insurance announces results of its Annual Meeting

WATERLOO, ON, May 7, 2018 /CNW/ - Economical Insurance announced today that Jay Forbes, Dan Fortin, and Susan Monteith have been elected to the Board of Directors of Economical Mutual Insurance...


May 03, 2018, 17:33 ET Economical Insurance reports financial results for First Quarter 2018

HIGHLIGHTS Gross written premiums declined by 3.7% over first quarter 2017, driven by corrective underwriting actions in commercial lines Reported a combined ratio of 109.9% for the quarter,...


Apr 02, 2018, 17:30 ET Economical Mutual Insurance Company announces details of 146th Annual Meeting

WATERLOO, ON, April 2, 2018 /CNW/ - Economical Insurance has announced that its 146th Annual Meeting will be held at 10:30 a.m., Monday, May 7, 2018, in the Ballroom of the Bingemans Conference...


Feb 26, 2018, 14:27 ET Economical improves operational efficiency for future success

WATERLOO, ON, Feb. 26, 2018 /CNW/ - Economical Insurance, one of Canada's leading property and casualty insurance companies, announced today that it will be updating its operational structure over...