Economical appoints chair, vice-chair of Family Insurance Solutions

Jul 03, 2012 – David Crozier, senior vice president of operations at Economical Insurance, has been appointed as the new chairman of Family Insurance Solutions. Philip Mather, Economical’s chief financial officer, was appointed as Family’s new vice-chairman.

Economical has been Family’s parent company since 1999.

“Economical remains firmly committed to Family,” said Crozier in a statement. “Family is a very successful company and an ever-growing part of Economical’s business. Today, it is the largest private auto writer in B.C. With nearly 200,000 auto and home policyholders, it is growing in market share and generating strong underwriting profits.

“In fact, on May 15, Family wrote a policy that puts them over the $1-billion mark in accumulated gross written premiums since Family was acquired by Economical.”

Founded in 1989, Family Insurance Solutions is a managing general agent that provides choice for British Columbian motorists when they purchase their optional auto insurance. Family also offers personal property insurance to consumers in B.C. Family’s products can be purchased through its network of more than 400 broker partners in the province.

About The Economical Group Insurance

Founded in 1871, The Economical Insurance Group® (TEIG®) is one of Canada’s leading property and casualty insurers, with over $4.6 billion in assets and a surplus of approximately $1.3 billion. Canadian owned and operated, TEIG provides a wide range of insurance products throughout North America. TEIG Member Companies include Economical Mutual Insurance Company® (including Western General® Farm Division), Waterloo Insurance Company®, Perth Insurance Company®, The Missisquoi Insurance Company®, Federation Insurance Company of Canada™, Family Insurance Solutions and The Mattei Companies