Contact Overview
Name: Adam Gatt
Company: Economical Insurance (transitioning to Definity Insurance)
Company Context
Economical Insurance, currently undergoing rebranding to Definity Insurance, is a significant Canadian property and casualty (P&C) insurer. The company has recently finalized the acquisition of Travelers Companies, Inc.’s Canadian P&C business (excluding surety), substantially expanding its portfolio in personal, business, and specialty insurance lines. This acquisition confirms Economical’s strategic positioning to enhance its market presence under the Definity Insurance brand.
Company Operations and Market Position
- Core Insurance Products: Personal (car, home), commercial (property, liability, commercial vehicles, specialty lines), and group insurance solutions.
- Claims & Service: Economical maintains a specialized team of more than 600 claims professionals providing 24/7 support, underscoring the company’s emphasis on customer satisfaction and service reliability.
- Broker Network: Relies on a broad network of independent brokers who provide clients with unbiased product recommendations across various insurers, reinforcing Economical’s broker-partner centric distribution model.
- Customer Commitment: The company’s marketing and operational messaging focus strongly on being responsive "when needed most," reflecting a service-driven culture.
Strategic Developments
- The completed acquisition of Travelers Canada’s personal and most commercial insurance businesses represents a pivotal growth initiative, aiming to increase market share and streamline offerings during the transition phase to Definity Insurance.
- Economical is actively communicating this transition to its customers, indicating a planned phased branding and experience uplift designed to retain existing policyholders and attract new business.
Insights Relevant to Contact Profile
Although there is no direct data found about Adam Gatt’s specific role or responsibilities, his association with Economical Insurance during a major corporate transformation suggests involvement in operational, strategic, or client-facing capacities aligned with the company's growth and service commitments. Given the absence of specific personal professional data, the focus should remain on the company’s evolving position in the Canadian insurance market, recent acquisition activities, and sustained emphasis on high-quality claims management and broker relationships.
This profile directs attention to Economical Insurance’s market repositioning and expanded capabilities, which likely influence Adam Gatt’s functional priorities and activities within the company. Further information on his direct responsibilities or background would enable a more tailored understanding of his role in facilitating this transition or engaging with external partners.
