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.
Pamela Marson, FCIP, has been promoted to become Economical’s new vice-president, personal insurance after managing the company’s Ottawa operation. With nearly 24 years experience in P&C insurance, Pamela now exercises responsibility for the personal insurance portfolio and the leadership of Economical’s personal insurance team. Reporting directly to the president and CEO, Pamela is leading the development and implementation of the personal insurance strategy. The division vice-presidents of Economical Select and Perth Insurance report directly to Pamela, who joined Economical in 2002.
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.