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