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UPDATED ON: Tuesday, January 03, 2012

The Economical Insurance Group:

Philip Mather, C.A.,
Senior Vice-President and Chief Financial Officer

From The Globe and Mail

Karen Gavan, ICD.D, FCS, President and Chief Executive Officer of The Economical Insurance Group®, one of Canada's leading property and casualty insurance providers, announces several significant management appointments that further strengthen Economical's executive leadership team.

These professionals will play key roles in guiding and sustaining Economical's operational and strategic initiatives, including the preparation for the company's planned demutualization.

Appointed to his position effective October 1, 2011, Phil previously served as interim CFO from January 2011. He was formerly a partner in the audit and assurance group of global professional services firm PricewaterhouseCoopers LLP, specializing in financial services and, in particular, property and casualty insurance in which he has over nine years' experience. As CFO, Phil provides the leadership team and the broader organization with strategic financial counsel and support.


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