With a focus on demutualization, building profitable growth and improving productivity, Karen Gavan, FCPA, FCA, ICD.D, president and CEO of Economical Insurance, is pleased to announce the following appointment. This change helps streamline and simplify Economical’s leadership and decision-making structure and enhance the efficiency of the company’s operations.
Dianna Fioravanti, BA, CIP, is Economical’s new vice-president, sales, distribution and underwriting operations, reporting directly to the president and CEO. Formerly the vice-president of commercial insurance since joining Economical in 2011, Dianna has accumulated extensive leadership experience in the P&C industry over the past 15 years in both carrier and broker environments. She now leads the company’s sales and broker distribution activities, and has overall responsibility for regional business development and underwriting operations across the country. The company’s four regional vice-presidents report directly to Dianna.
Founded in 1871, Economical Insurance is one of Canada’s leading property and casualty insurers, with $1.8 billion in premiums and more than $4.8 billion in assets. 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.