Monterey-based Capital Insurance Group President and Chief Executive Officer Peter Cazzolla announced his retirement effective at the end of this year.
The CEO will leave the company after 21 years of dedicated service. During his tenure and under his leadership, CIG, a privately held company providing personal, home, and auto insurance, has experienced substantial financial growth and prestige. Cazzolla will continue in an advisory role to ensure a smooth transition in the company’s well-planned succession program.
Under Cazzolla’s leadership, Capital Insurance Group expanded from California and Nevada to Arizona, Oregon, Washington, Idaho and New Mexico. In addition, the company’s core product lines are much broader and its market capacity now includes non-admitted and captive alternatives.
CIG employs more than 400 employees and has more than 210,000 policies in force.