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UPDATED ON: Wednesday, October 28, 1998

Economical Insurance Group:

William Lowe,
Vice President

From The Globe and Mail

William Lowe, BA, AIIC
Noel Walpole, President and Chief Executive Officer of The Economical Insurance Group, is pleased to announce the appointment of William Lowe as Vice President of our new Commercial Lines Underwriting Division.

Bill will use his extensive commercial expertise, gained over 28 years in the Property and Casualty Insurance field, to bring a new focus to commercial underwriting at Economical. In the last 13 years as a senior executive in the P&C industry, Bill made significant contributions to strategic planning, marketing and communications initiatives. In addition to his leadership experience, Bill's broad knowledge of commercial products will enhance The Group's ability to meet brokers' expanding needs in this area.

The Economical Insurance Group is one of the largest pro- perty and casualty insurers in Canada with more than $720 million in premium volume and over $1.6 billion in assets. Based in Waterloo, Ontario, this Canadian-owned company serves customers' needs through branches and service offices across the country.


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