Economical Insurance, a property and casualty insurer in Canada, has appointed Elaine Lajeunesse as senior vice president and chief risk officer, effective Jan. 25. Lajeunesse has more than 25 years of experience as a risk management professional and actuary in the Canadian insurance industry.

As chief risk officer, Lajeunesse will report directly to Economical's Chief Executive Officer Karen Gavan and serve on the executive committee. She will chair the management risk committee and provide day-to-day leadership to the enterprise risk management function, assuming accountability for developing and directing comprehensive processes for identifying, monitoring, and reducing risks that could impede the achievement of Economical's objectives and goals.

Lajeunesse brings to her new role a deep understanding of insurance operations. Prior to joining Economical, she was vice president and chief risk officer, insurance, at BMO Financial Group. She also held executive leadership roles in actuarial services at Markel Insurance Company of Canada and at XL Reinsurance.