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UPDATED ON: Wednesday, March 30, 2005

The Economical Insurance Group:

Terry J. Reidel, F.C.A.,

From The Globe and Mail

Gerald A. Hooper, Chairman of the Board of The Economical Mutual Insurance Company, is pleased to announce the appointment of Terry J. Reidel to the Board of Directors of Economical Mutual Insurance Company.

Mr. Reidel is President and Chief Operating Officer of Kuntz Electroplating. A chartered accountant, Mr. Reidelís career also includes 39 years with an international accounting firm. For his last five years with the firm, he held the role of Office Managing Partner for the Waterloo Regional office.

Mr. Reidel is also actively involved in the Kitchener-Waterloo community and has served on many committees including the St. Maryís Hospital Foundation and the K-W Community Foundation.

The Economical Insurance Group is one of the largest property and casualty insurers in Canada with $1.7 billion in premium volume and $3.3 billion in assets. Based in Waterloo, Ontario, this Canadian-owned and operated company services customersí needs through branches and service offices across the country.


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