Definity Financial Corporation (XR6.F)

31.40 +0.20 (+0.64%) At close: 09:55PM CEST

Definity Financial Corporation

111 Westmount Road South
P.O. Box 2000
Waterloo, ON N2L 2L6
Canada
519-570-8200
https://www.definityfinancial.com

Sector(s): Financial Services
Industry: Insurance - Property & Casualty
Full-time employees: 3,442

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Rowan Saunders B.A.	CEO, President & Director	1.62M	N/A	1964
Mr. Philip Mather B.Sc., B.Sc. (Hons), C.A., CA	Executive VP & CFO	745.51k	N/A	1975
Mr. Innes Fraser Dey B.Sc. (Hons), LL.B	Senior Vice-President of Legal & Strategy	534.71k	N/A	1969
Mr. Fabian Richenberger	Executive Vice-President of Commercial Insurance & Insurance Operations	843.22k	N/A	1967
Mr. Paul MacDonald	Executive Vice President of Personal Insurance & Digital Channels	650.2k	N/A	1974
Ms. Tatjana Lalkovic	Senior VP & CTO	N/A	N/A	1968
Mr. Dennis Westfall MBA	Head of Investor Relations	N/A	N/A	N/A
Ms. Sarah Attwells	Assistant Vice President of Corporate Communication	N/A	N/A	N/A
Ms. Brigid V. Pelino	Senior VP and Chief People & Culture Officer	N/A	N/A	1964
Mr. Liam McFarlane	Chief Risk & Actuarial Officer	N/A	N/A	1963

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.

Description

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name. The company distributes its products on a primarily intermediated basis, and through brokers, as well as directly to customers. It markets its commercial insurance products to small businesses and mid-market companies, as well as various targeted segments. The company was formerly known as Economical Holdings Corporation and changed its name to Definity Financial Corporation in August 2021. Definity Financial Corporation was founded in 1871 and is headquartered in Waterloo, Canada.

Corporate governance

Definity Financial Corporation’s ISS governance QualityScore as of 1 May 2024 is 6. The pillar scores are Audit: 5; Board: 6; Shareholder rights: 6; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.