Tim NeCastro Steps Down as Erie Insurance's President and CEO after 30-Year Tenure
In a significant leadership transition, Tim NeCastro has officially announced his retirement as the president and CEO of Erie Insurance, effective December 31, 2026. After an impressive 30-year career with the company, of which he spent the last 10 years as CEO, NeCastro's exit marks the end of an era for the organization.
NeCastro's journey with Erie Insurance began in 1996 when he joined the company and steadily climbed through the ranks, holding various leadership roles in internal audit, finance, product and policy services, and regional field operations. He became CEO in 2016 and has since spearheaded substantial growth. Under his leadership, Erie Insurance has expanded its reach, achieving nearly $13 billion in premium and servicing over 7 million policies. This growth is a testament to NeCastro’s focus on sustaining strong financial performance while emphasizing the importance of customer service.
Reflecting on his time at Erie Insurance, NeCastro stated, "This company has not only shaped my career, but it has also influenced my life. I have been fortunate to work alongside individuals who care deeply about each other, our customers, and our communities. As this chapter comes to a conclusion, my commitment to Erie and this community will continue in a new capacity."
Tom Hagen, chairman of the board, praised NeCastro's leadership style, noting, "Tim has led the organization with extraordinary kindness and humility. He has exemplified The ERIE's core values, consistently placing people and service as top priorities. This is more than just a leadership shift — it marks the conclusion of a defining chapter in our company's journey."
One notable milestone during NeCastro’s leadership was the celebration of Erie Insurance’s 100th anniversary in 2025. This moment was a reflection of the company’s legacy and commitment to its values. NeCastro has been an influential figure not just within the company but also in the community, playing a pivotal role in local economic development efforts. He is a founding board president of the Erie Downtown Development Corporation, where he has supported revitalization initiatives in Erie.
As the search for NeCastro’s successor begins, he will remain at the helm until the end of the year to ensure a smooth transition. The board has expressed confidence in managing this change while remaining focused on their commitment to customers and agents. Following his retirement, NeCastro will take on the role of president of the Erie Insurance Foundation, a private charitable organization dedicated to long-term giving and community support.
Established in 1925, Erie Insurance is recognized as one of the largest insurers in the United States, ranking 11th in homeowner's insurance and 12th in automobile insurance based on direct premiums written. With a solid credit rating and operations spanning 12 states and the District of Columbia, the company prides itself on its robust customer service and community engagement. NeCastro’s leadership has undoubtedly left an imprint on the company's trajectory, paving the way for future growth and service enhancements under new leadership.
NeCastro's journey with Erie Insurance began in 1996 when he joined the company and steadily climbed through the ranks, holding various leadership roles in internal audit, finance, product and policy services, and regional field operations. He became CEO in 2016 and has since spearheaded substantial growth. Under his leadership, Erie Insurance has expanded its reach, achieving nearly $13 billion in premium and servicing over 7 million policies. This growth is a testament to NeCastro’s focus on sustaining strong financial performance while emphasizing the importance of customer service.
Reflecting on his time at Erie Insurance, NeCastro stated, "This company has not only shaped my career, but it has also influenced my life. I have been fortunate to work alongside individuals who care deeply about each other, our customers, and our communities. As this chapter comes to a conclusion, my commitment to Erie and this community will continue in a new capacity."
Tom Hagen, chairman of the board, praised NeCastro's leadership style, noting, "Tim has led the organization with extraordinary kindness and humility. He has exemplified The ERIE's core values, consistently placing people and service as top priorities. This is more than just a leadership shift — it marks the conclusion of a defining chapter in our company's journey."
One notable milestone during NeCastro’s leadership was the celebration of Erie Insurance’s 100th anniversary in 2025. This moment was a reflection of the company’s legacy and commitment to its values. NeCastro has been an influential figure not just within the company but also in the community, playing a pivotal role in local economic development efforts. He is a founding board president of the Erie Downtown Development Corporation, where he has supported revitalization initiatives in Erie.
As the search for NeCastro’s successor begins, he will remain at the helm until the end of the year to ensure a smooth transition. The board has expressed confidence in managing this change while remaining focused on their commitment to customers and agents. Following his retirement, NeCastro will take on the role of president of the Erie Insurance Foundation, a private charitable organization dedicated to long-term giving and community support.
Established in 1925, Erie Insurance is recognized as one of the largest insurers in the United States, ranking 11th in homeowner's insurance and 12th in automobile insurance based on direct premiums written. With a solid credit rating and operations spanning 12 states and the District of Columbia, the company prides itself on its robust customer service and community engagement. NeCastro’s leadership has undoubtedly left an imprint on the company's trajectory, paving the way for future growth and service enhancements under new leadership.
Topics Financial Services & Investing）
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