Economical Insurance has named Paul MacDonald as its new executive vice-president of personal insurance, a role the company has just created.
MacDonald’s appointment takes effect early January 2018.
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“We are pleased to welcome Paul to the executive team as we deepen our capabilities to deliver the most relevant products and experience to our customers and brokers,” said Economical president and CEO Rowan Saunders. “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.”
“Paul will have P&L 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, EVP, commercial insurance. 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,” added Saunders.
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MacDonald was previously senior vice-president and chief claims officer at
RSA Canada. Prior to joining RSA, he was vice-president of Canadian Operations at
SGI Canada. MacDonald also has experience in insurance consulting with PricewaterhouseCoopers and has held senior leadership positions with
Aon Risk Services.
He has an MBA from Northwestern University/York University. MacDonald also has undergraduate law and art degrees from Dalhousie University and Queen’s University, respectively.
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