Forbes to focus on role as CEO, Element Fleet

WATERLOO, ON, September 5, 2018 — Economical Insurance today announced that Jay Forbes has stepped down from its Board of Directors.

Mr. Forbes has resigned after assuming a new role as CEO of Element Fleet Management Corp. in June 2018.  He had served on Economical’s Board since September 2017.

“Jay has offered invaluable counsel during his time with our Board and we thank him for his contributions to our company,” said John Bowey, Board Chair of Economical.

About Economical Insurance

Founded in 1871, Economical Insurance is one of Canada’s leading property and casualty insurers, with more than $2.2 billion in annualized premium volume and approximately $5.6 billion in assets as at June 30, 2018. Based in Waterloo, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country.

For more information, contact:

 

Sarah Stevens
Manager, Public and Media Relations
Economical Insurance
(T) 877.859.4950 ext. 54042
(C) 416.986.9360
sarah.stevens@economical.com

David Bradfield
Vice-President, Communication
Economical Insurance
(T) 877.859.4950 ext. 54137
(C) 416.520.4224
david.bradfield@economical.com