Economical Insurance appoints Tom Reikman as new COO

Economical Insurance has appointed Toomas (Tom) Reikman as senior vice-president and chief operating officer (COO) of the insurer, effective Jan. 20, the company announced Thursday.

As COO, Reikman will report directly to Karen Gavan, the president and CEO of the Waterloo, Ont.-based company.

“Tom brings to Economical more than 20 years’ experience in senior leadership as well as significant breadth and depth of expertise in the property and casualty industry, including commercial, personal and group underwriting, marketing, and broker relationships,” Gavan commented in the announcement. “He is returning to Economical where he held senior leadership roles between 1995 and 2006.”

Most recently, Reikman has held various executive roles with Aviva Canada including senior vice president for the Ontario region; senior vice president of Pilot Insurance Company and Scottish and York Insurance Company; and senior vice president of national marketing.