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.
Source: CIG
Was this article valuable?
Here are more articles you may enjoy.
NYT Asks Judge to Dismiss Trump’s ‘Implausible’ Defamation Suit 
Abbott Presses Congress for Shield Over Preemie Baby Formula Litigation That Could Cost It Billions 
LA Fires Push Insurers’ 2025 Disaster Losses to $107 Billion 
Cat Bonds Linked to Wildfires Lose ‘Once Untouchable’ Status 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.