March, 2004 – The Economical Insurance Group announced today that the Office of the Superintendent of Financial Institutions has approved the amalgamation of Langdon Insurance and Economical Insurance. The amalgamation is retroactive to January 1, 2004.
In late 2003, The Group finalized the establishment of its Commercial Centre in Toronto. This Centre handles most of the mid-market and complex commercial insurance business Langdon originally handled. Staffing will not be impacted by the amalgamation, as Langdon staff have already been integrated with The Group�s other commercial insurance operations, such as the Commercial Centre.
Langdon is now officially Economical Insurance, a member of The Economical Insurance Group.
About The Economical Insurance Group
The Economical Insurance Group, founded in Kitchener, Ontario in 1871, is one of the largest property and casualty insurers in Canada with over $1.5 billion in premium volume and $2.5 billion in assets. This Canadian-owned company serves customers� needs through branches and service offices across the country. Members of The Group are Economical Mutual Insurance Company (including the Western General Farm Division), Waterloo Insurance Company, Perth Insurance Company, The Missisquoi Insurance Company and Federation Insurance Company of Canada.