Economical Insurance went looking for a vice-president of finance, and they found their man.
Hans Reidl was given the nod for the position, and will be reporting directly to Phil Mather, Economical's chief financial officer.
“Hans brings strong operational expertise and experience in financial reporting within a public company environment, integral to our continued focus on demutualization and public company readiness,” says Mather. “He leads our corporate financial accounting and reporting teams, the financial planning and analysis team and the finance operations function. Hans also provides oversight and support to the reinsurance and procurement functions.”
Reidl comes from ATS Automation Tooling Systems in Cambridge, Ont., where he was serving in a similar position as vice-president of finance. While at ATS, he acted as the finance lead for a number of divisions as well as having previous corporate controller responsibilities.
Prior to ATS, Reidl was a senior manager in the assurance and advisory services practice with Ernst & Young in Kitchener-Waterloo, where he worked with a number of financial services clients.
Economical Insurance is one of Canada's leading property and casualty insurers, with $1.9 billion in annual premium volume and $5.0 billion in assets as of March 31.
Based in Waterloo, Economical is a Canadian-owned and operated group that services the insurance needs of more than one million customers across the country
It was back in 2010 that Economical announced its decision to become the first federally-regulated mutual property and casualty insurance company to pursue demutualization.
