Monterey, Calif.-based 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 end of the year. Cazzolla will continue in an advisory role to ensure a smooth transition, the company stated.
Cazzolla has been with CIG for 21 years. He was selected to lead the firm in 1993, when CIG was a small, regional insurance company with $103 million in written premium and $60 million in surplus. Today, CIG reports more than $400 million in written premium and $300 million in policyholder surplus. Under Cazzolla’s direction, CIG began its state expansion from California and Nevada to include Arizona, Oregon, Washington, Idaho and New Mexico.
CIG employs more than 400 employees and has more than 210,000 policies in force.
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