Deepens capital markets expertise

WATERLOO, ON, Dec. 8, 2017 /CNW/ - Economical Insurance today announced the addition of Susan Monteith to its Board of Directors, effective January 1, 2018.

"Susan's impressive experience in investment banking and capital markets bolsters the expertise of our Board as we continue on the path to become a strong, independent public company," said John Bowey, Board Chair. "We look forward to leveraging Susan's strengths in strategic growth initiatives, which will be particularly important as Economical prepares for a successful IPO."

Ms. Monteith has been a trusted advisor over the course of her career in capital markets. She has served on the Campaign Cabinet for the United Way of Toronto & York Region, and the board of Toronto Rehab Hospital Foundation. She was also a founding board member of Women in Capital Markets and is regarded as an advocate for women in the capital markets industry. With more than 30-years of experience in senior leadership roles with National Bank Financial, Genuity Capital Markets and CIBC World Markets, she is a valued addition to the Board of Directors at Economical.

About Economical Insurance
Founded in 1871, Economical is one of Canada's leading property and casualty insurers with more than $2.1 billion in annualized premium volume and $5.5 billion in assets as September 30, 2016. Based in Waterloo, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. Economical conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Sonnet, Economical Financial, and Family Insurance Solutions.

SOURCE Economical Insurance