Toronto, ON | May 9, 2023 – Cowan Insurance Group has again been recognized for overall business performance and sustained growth by winning a 2023 Canada’s Best Managed Companies Platinum Club designation. Companies attain Platinum Club status after retaining their Best Managed designation for seven consecutive years or more. This is the eleventh successive win for Cowan, a proven 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.
Celebrating its 30th anniversary, Canada’s Best Managed Companies program awards excellence in private Canadian-owned companies. To attain the designation, companies are evaluated on their leadership in strategy, culture and commitment, capabilities, innovation, governance and financial performance.
“I am honoured to accept Platinum Club status on behalf of Cowan Insurance Group, following our eleventh consecutive year as one of Canada’s Best Managed Companies,” says Janet Peddigrew, President of Cowan Insurance Group. “This award recognizes our company’s unwavering dedication to our winning culture, clients, and employees. Cowan Insurance Group will be celebrating our 100th year in business in 2027, and we continue to invest in our future while staying true to our roots as a Canadian-owned and independent company. Our longevity is a testament to our commitment to our core values and how we live them daily.”
Canada’s Best Managed Companies is one of the country’s leading business awards programs recognizing innovative and world‑class businesses. Hundreds of entrepreneurial companies compete for this designation yearly in a rigorous and independent evaluation process. Applicants are evaluated by an independent panel of judges with representation from program sponsors and special guests.
To become a Best Managed Platinum Club winner is a huge accomplishment,” said Derrick Dempster, Partner, Deloitte Private and Co-Leader, Canada’s Best Managed Companies program. “Companies such as Cowan Insurance Group who attain this high standard of excellence demonstrate consistent resilience, versatility, and strategic acuity. Year after year, they thrive in a competitive, rapidly changing market. This year’s winners should take pride in attaining this prestigious award in recognition of their significant and ongoing contributions to Canada’s business landscape.”
The 2023 cohort of Best Managed companies share common themes such as having a people-centric culture, targeting effective ESG strategies, and accelerating operational digitization.
This year’s Best Managed winners displayed courage, resourcefulness, and creativity as they explored new avenues for advancement,” said Lorrie King, Partner, Deloitte Private and Co-Leader, Canada’s Best Managed Companies program. “We’re extremely proud to recognize the impressive achievements of companies such as Cowan Insurance Group in this particularly rapidly evolving business world. Their successes demonstrate the importance of strong leadership and forethought in driving long-term growth.”
About Canada’s Best Managed Companies program
Canada’s Best Managed Companies program continues to be the mark of excellence for privately-owned Canadian companies. 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:
- Canada’s Best Managed Companies new winner (one of the new winners selected each year)
- 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)
- 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)
- Platinum Club member (winners that have maintained their Best Managed status for seven years or more).
Program sponsors are Deloitte Private, CIBC, The Globe and Mail, Salesforce 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 firm, Cowan Insurance Group provides real value in insurance and risk management solutions to businesses, organizations and individuals. With over 500 employees and eight locations, 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 individuals wealth and asset management and financial and succession planning services and specialize in property, casualty and credit insurance. For additional information about Cowan Insurance Group, please visit cowangroup.ca.