Economical Insurance in Ontario has named Paul MacDonald as executive vice president of Personal Insurance effective early 2018.
Rowan Saunders, president and CEO of Economical, said MacDonald will have profit and loss accountability for broker-distributed personal insurance and support a renewed focus in personal lines across distribution channels.
He will work Tom Reikman, chief distribution officer, and Fabian Richenberger, EVP, Commercial Insurance.
Prior to joining Economical, MacDonald was senior vice president and chief claims officer at RSA Canada. Before RSA, he was vice president, Canadian Operations for SGI CANADA, directing the company’s underwriting, broker services, business development, and regional claims operations. His experience also includes insurance consulting with PricewaterhouseCoopers and positions with Aon Risk Services.