Cambridge, ON – May 5, 2021 – Cowan Insurance Group, a leading Canadian insurance brokerage and consulting firm, has once again been recognized for overall business performance and sustained growth with the prestigious Canada’s Best Managed Companies designation. Cowan Insurance Group has proven itself a market leader in commercial and personal insurance, group benefits, and wealth management through its client-centric approach to business and commitment to innovation and excellence.
The 2021 Best Managed program award winners are amongst the best-in-class of Canadian-owned and managed companies, demonstrating leadership in strategy, capabilities and innovation, culture and commitment, and financials to achieve sustainable growth. This is the ninth consecutive year that the company has been recognized by the prestigious Canada’s Best Managed Companies program, earning Platinum Club status for a third straight year.
Now in its 28th year, Canada’s Best Managed Companies remains one of the country’s leading business awards programs recognizing Canadian-owned and managed companies for innovative, world-class business practices. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent process that evaluates the calibre of their management abilities and practices.
“To become a Best Managed Platinum Club winner is nothing short of remarkable. Their continued adaptability in an era of uncertainty sets the standard for how to overcome new barriers and demonstrate resilience at the highest levels,” said Kari Lockhart, Partner, Deloitte Private and Co-Leader, Canada’s Best Managed Companies Program. “This year’s Platinum Club winners are the Canadian cornerstone for outstanding business in 2021.”
Applicants are evaluated by an independent judging panel comprised of representatives from program sponsors in addition to special guest judges. 2021 Best Managed companies share commonalities that include (but are not limited to) enabling a remote workforce, making employee health a top priority, acting with an increased sense of purpose and social responsibility and a significantly heightened focus on cash flow.
“We are honoured to achieve Platinum status for the third consecutive year, and this accomplishment is a testament to the dedication of our employees,” said Heather McLachlin, President of Cowan Insurance Group. “The pandemic has presented unique challenges for businesses, and we remain committed to innovation, integrity, and continual client focus in everything we do.”
2021 winners of the Canada’s Best Managed Companies award will be honoured at a virtual gala. The Best Managed virtual symposium will address leading-edge business issues that are key to the success of today’s business leaders. The Best Managed program is sponsored by Deloitte Private, CIBC, Canadian Business, Smith School of Business, and TMX Group.
About Canada’s Best Managed Companies
Canada’s Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $25 million. Every year since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices.
The awards are granted on four levels: 1) Canada’s Best Managed Companies new winner (one of the new winners selected each year); 2) Canada’s Best Managed Companies winner (award recipients that have re-applied and successfully retained their Best Managed designation for two additional years, subject to annual operational and financial review); 3) Gold Standard winner (after three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully retained their award for 4-6 consecutive years); 4) Platinum Club member (winners that have maintained their Best Managed status for seven years or more).
Program sponsors are Deloitte Private, CIBC, Canadian Business, Smith School of Business, and TMX Group. For more information, visit www.bestmanagedcompanies.ca.
About Cowan Insurance Group
As a prominent Canadian-owned and operated independent insurance brokerage and consulting operation, Cowan Insurance Group provides real value in insurance and risk management solutions to businesses, organizations and individuals. With over 450 employees and operating out of 11 locations across Canada, we partner with leading national and international insurance companies to advise on and create retirement, group benefits, disability management and international benefits programs for employee groups. We also offer wealth and asset management as well as financial and succession planning services to individuals, and specialize in property, casualty and credit insurance. For additional information about Cowan Insurance Group, please visit cowangroup.ca.
For more information, contact:
Cowan Insurance Group