UPDATED ON: Tuesday, February 07, 2012
The Economical Insurance Group:
Richard M. (Dick) Freeborough, FCA, ICD.D,
From The Globe and Mail
Gerald Hooper, Chairman of The Economical Insurance Group, is pleased to announce the appointment of Dick Freeborough to the Board of Directors.
As the Economical Insurance Group prepares to be the first Canadian property and casualty insurance company to demutualize, Mr. Freeborough brings more than a decade of board leadership. He retired from KPMG LLP in 2004, after 39 years of financial services practice, during which he was the KPMG Canadian Practice Lead for insurance business. He served on the board of KPMG for six years, including three as Deputy Chair. He currently chairs the Board of Governors at the University of Guelph, as well as the Board of Directors of the Independent Order of Foresters.
Economical will leverage Mr. Freeborough’s depth and expertise through his membership on the Board’s Audit and Corporate Governance and Conduct Review Committees.
The Economical Insurance Group is one of the largest home, auto and commercial insurers in Canada, with $1.7 billion in premiums and $4.6 billion in assets. It comprises The Economical Mutual Insurance Company, including Western General; Federation Insurance Company of Canada; The Missisquoi Insurance Company; Perth Insurance Company; Waterloo Insurance Company; and Westmount Financial, including Family Insurance Solutions Inc.
Based in Waterloo, this Canadian-owned and operated group services the insurance needs of more than one million customers through 19 branches and service offices across the country.