Economical welcomes new executive vice president for personal insurance

Paul MacDonald comes to the insurer from RSA Canada

Economical Insurance is welcoming Paul MacDonald to the role of executive vice president for personal insurance. MacDonald was most recently senior vice president and chief claims officer at RSA Canada.

MacDonald has also spent time as vice president of Canadian operations for SGI Canada where he directed the company’s underwriting, broker services, business development and regional claims operations. His experience also includes insurance consulting with PricewaterhouseCoopers and senior leadership positions with Aon Risk Services.

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“Paul brings extensive industry expertise in leading underwriting and claims functions, product and distribution strategy, and business transformation and integration — all critical elements as we drive toward our vision to become one of Canada’s top property and casualty insurers,” said Rowan Saunders, president and CEO of Economical, in a statement.

“Paul will have [profit and loss] accountability for broker-distributed personal insurance and support a renewed focus in personal lines across our distribution channels. He will work in close partnership with Tom Reikman, chief distribution officer, and Fabian Richenberger, [executive vice president], commercial insurance,” added Saunders. “This is an exciting time as we continue our progress towards a new business platform and policy administration system for personal insurance, and an enhanced senior executive team.”

MacDonald will begin his new role in January 2018.

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