Origin Merchant Partners is pleased to announce that Economical Mutual Insurance Company (“Economical”) has filed its circular in connection with the demutualization of the Company.
Origin Merchant Partners acted as the independent financial advisor to the Board of Directors of Economical in connection the demutualization of the Company.
Economical Mutual Insurance Company, founded in 1871, is one of Canada’s leading property and casualty insurers, with more than $2.3 billion in annualized premium volume and approximately $5.7 billion in assets as at September 30, 2018. Headquartered in Waterloo, Ontario, this Canadian-owned and operated company services the insurance needs of more than one million customers across the country. Economical conducts business under the following brands: Economical Insurance, Economical, Western General, Economical Select, Perth Insurance, Sonnet, Petsecure, Economical Financial, and Family Insurance Solutions.