Monterey, Calif.-based mostly Capital Insurance Group President and Chief Executive Officer Peter Cazzolla announced he will retire from Capital Insurance Group.
Cazzolla’s retirement is to be effective at the finish of the yr. Cazzolla will proceed in an advisory part to guarantee a smooth transition, the organization stated.
Cazzolla has been with CIG for 21 years. He was selected to lead the company in 1993, when CIG was a tiny, regional insurance coverage organization with $ 103 million in written premium and $ 60 million in surplus. Nowadays, CIG reports a lot more than $ 400 million in written premium and $ 300 million in policyholder surplus. Below Cazzolla’s path, CIG started its state expansion from California and Nevada to include Arizona, Oregon, Washington, Idaho and New Mexico.
CIG employs much more than 400 personnel and has far more than 210,000 policies in force.