Gore Mutual Receives Excellence in Governance Award

CAMBRIDGE, ON, Nov. 18, 2016 /CNW/ - Gore Mutual Insurance Company, located in Cambridge since 1935, was presented with an Excellence in Governance Award by the Governance Professionals of Canada in a gala ceremony on Tuesday, November 15. The prestigious award was accepted by Sonya Stark, Chief Compliance Officer and Vice President, Corporate Affairs, who has responsibility for corporate governance at Gore Mutual.

According to the Governance Professionals of Canada, the category of Best Engagement by a Governance Team "assessed nominees' overall communication and engagement with the constituencies that were important to their particular organization. This may include—among others—shareholders, investors, employees, suppliers, regulators, communities, donors or customers. Consideration was given to a nominee's overall shareholder/stakeholder engagement activities and the value this engagement creates for the constituencies it exists to serve."

"In its community," the judges' comments stated, "Gore Mutual Insurance Company clearly engages with stakeholders before key governance or strategic changes are made. The organization presented concrete examples that demonstrated tangible results that added value to the company. Judges were impressed with the extent to which stakeholder engagement and governance are interconnected and aligned."

Heidi Sevcik, President and CEO of Gore Mutual, said, "We are extremely proud of Sonya and our company as a whole. The award is a testament to what our stakeholders already know: that integrity and service excellence are of the utmost importance to our organization. As a mutual company that puts people first, this is strongly aligned with our core values."

Gore Mutual's refreshed brand and "Go Forward" tagline, launched in June 2016, are reflections of an organization that is rich in history yet forward-thinking, customer-centric, and innovative in its approach to doing business. Deeply committed to the insurance broker channel, the company looks forward to providing continued service excellence to stakeholders and partners.

About Gore Mutual Insurance Company
Founded in 1839, Gore Mutual is Canada's oldest property and casualty insurer, with approximately $400M in premiums and $1BN in assets as at December 31, 2015. Based in Cambridge, Ontario and Vancouver, British Columbia, this Canadian mutual company employs over 300 people and is known for its investment in people, technology and innovation. With a long standing commitment to stability, trust and innovation, Gore Mutual is an unwavering supporter of its network of insurance brokers, who offer the highest standards of service, choice and advocacy to Canadian customers. Gore Mutual was voted the #1 insurance company by the Insurance Brokers Association of Ontario (IBAO) in 2014 and certified as a "Great Place to Work" in 2016. The Gore Mutual Foundation strengthens Canadian communities by supporting local initiatives and has donated more than $5M to over 550 charities. Learn more about Gore Mutual at goremutual.ca.

SOURCE Gore Mutual Insurance Company

MEDIA CONTACT: Dean McNeill, Corporate Communications Manager, 519-623-1600 or 1-800-265-8600, ext. 2299, Email: [email protected]