Capital Insurance Group (CIG) president and CEO, Peter Cazzolla, intends to retire at the end of 2014. Cazzolla will leave the company after 21 years, but continue in an advisory role to ensure a smooth transition in the company's succession program.
When Cazzolla was selected to lead the firm in 1993, CIG was a regional insurance company with $103 million in written premium and $60 million in surplus. Today, CIG has 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. In addition, the company's core product lines are much broader and its market capacity now includes non-admitted and captive alternatives.
Cazzolla commented: "We have a passion for our customers and offering them quality products with superior customer service."
"That, coupled with a disciplined approach to underwriting and managing effective business relationships, is essential. In addition, we have a high level of employee engagement and commitment to our business principles."
