Cowan Insurance Group Strikes Gold with Fourth Consecutive Best Managed Companies Win
Cambridge, ON – March 9, 2016 – Today, Cowan Insurance Group, a preeminent insurance brokerage and consulting operation, announced that it had reached Gold Standard status as one of Canada’s Best Managed Companies in 2015.
Established in 1993, Canada’s Best Managed Companies is one of the country’s leading business awards programs recognizing Canadian-owned and managed companies that have implemented world-class business practices and created value in innovative ways. Applicants are evaluated by an independent judging panel on overall business performance, including leadership, strategy, core competencies, cross-functional collaboration throughout organization, and talent.
“Best Managed companies embrace innovation, seize opportunities and inspire talent. They really set the bar high,” said Peter Brown, Partner, Deloitte and Co-Leader, Canada’s Best Managed Companies program.
Cowan has been selected over hundreds of applicants as one of Canada’s Best Managed Companies for four consecutive years, having first achieved the designation in 2012. Cowan has demonstrated its commitment to the program through steady continuous growth, profitability, and investment in technology, process, and people. In fact, Cowan’s team has created a culture worthy of admiration—so much so that they were recently recognized as one of Canada’s 10 Most Admired Corporate Cultures by Waterstone Human Capital.
“We are extremely honoured to have earned Gold Standard status, a prestigious distinction for business excellence based on our commitment and outstanding execution of our strategic priorities,” said Heather McLachlin, President, Cowan Insurance Group. “This award is not an individual honour. It recognizes the efforts of our entire organization, from our front line employees to our executive team. Every day I see our values at work through the innovation, collaboration, commitment, and integrity our employees bring to both Cowan and our clients. Together, these values and our behaviour drive results.”
“CIBC congratulates Cowan Insurance Group on being named one of Canada’s Best Managed Companies—a reflection of its strong leadership, sound business planning and focus on growth,” said Jon Hountalas, Executive Vice-President, Business and Corporate Banking, CIBC. “We’re proud to celebrate this outstanding achievement and applaud the entire team for their contributions to the Canadian marketplace.”
2015 winners of the Canada’s Best Managed Companies award, along with Requalified, Gold Standard, Gold Requalified winners and Platinum Club members will be honoured at the annual Canada’s Best Managed Companies gala in Toronto on April 12, 2016. On the same date, the Best Managed 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, CIBC, National Post, Smith School of Business and MacKay CEO Forums.
About Cowan Insurance Group
A pre-eminent Canadian owned and operated insurance brokerage and consulting operation, Cowan Insurance Group represents leading national and international insurance companies. Cowan specializes in property, casualty and credit insurance, providing the best value to businesses, organizations and individuals for their insurance and risk management needs. The organization also advises and creates retirement, group benefits, disability management and international benefits programs for employee groups and offers wealth management, financial planning and succession planning services to individuals through its wholly owned financial services subsidiaries. Cowan Insurance Group has over 450 employees and currently operates in 10 locations across Ontario. Cowan subsidiaries include The Williamson Group, Millennium CreditRisk Management, Wentworth Financial Services, and Cowan Financial Solutions. For additional information about Cowan Insurance Group, please refer to cowangroup.ca.
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 $10 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 five levels: 1) Best Managed winner (one of the new winners selected each year); 2) Requalified member (repeat winners retain the 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 reapplied for the designation); 4) Gold Requalified member (Gold Standard winners may requalify for two additional years, subject to annual operational and financial review); 5) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years). Program sponsors are Deloitte, CIBC, National Post, Smith School of Business and MacKay CEO Forums. For further information, visit bestmanagedcompanies.ca.
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Communications Specialist, Cowan Insurance Group
519-650-6363 ext. 31602