Erie Insurance CEO NeCastro Announces Retirement by Year-End

Erie Insurance has announced that Tim NeCastro, the president and chief executive officer, will retire on December 31, marking the end of a significant decade-long tenure at the helm of the company.

NeCastro, who ascended to the role of CEO in 2016, has been instrumental in steering the company towards remarkable growth, achieving nearly $13 billion in premium and overseeing more than 7 million policies in force. Under his leadership, Erie Insurance has not only expanded its reach but has also maintained robust financial performance. As the company approaches its centennial celebration in 2025, NeCastro’s leadership has been characterized by a strong commitment to the well-being of employees, agents, and customers, reinforcing the core values and service promises of ERIE.

“Tim has led the organization with extraordinary kindness and humility,” remarked Tom Hagen, chairman of the board. “He has been a consistent model for The ERIE’s values—always putting people and service first. This is more than just a leadership transition—it marks the closing of a defining chapter in our company’s story.”

The board of directors will promptly initiate the process of identifying a successor to NeCastro, ensuring a smooth transition for the company.

NeCastro’s journey with Erie Insurance began in 1996, during which he held various senior leadership roles across internal audit, finance, product and policy services, and regional field operations. Notably, in 2014, he spearheaded the company’s expansion into Kentucky, marking Erie Insurance’s entry into its 12th state.

A native of Erie, Pennsylvania, NeCastro has also been deeply involved in community and economic development initiatives in his hometown. He is the founding board president of the Erie Downtown Development Corp., which has played a pivotal role in supporting investment and revitalization efforts in downtown Erie. Additionally, he has served in leadership and advisory capacities with various civic, philanthropic, and industry organizations at local, state, and national levels.

Despite his retirement from the CEO position, NeCastro will continue to serve as president of the Erie Insurance Foundation, a private charitable organization dedicated to community support.

“Erie Insurance has shaped not only my career but my life,” NeCastro expressed. “I’ve been fortunate to work alongside people who care deeply about one another, our customers, and the communities we serve. While this chapter is coming to a close, my commitment to ERIE and this community isn’t ending. I’m grateful for the opportunity to continue serving in a new way and to stay connected to the place and people that mean so much to me.”

Erie Insurance has announced that Tim NeCastro, the president and chief executive officer, will retire on December 31, marking the end of a significant decade-long tenure at the helm of the company.

NeCastro, who ascended to the role of CEO in 2016, has been instrumental in steering the company towards remarkable growth, achieving nearly $13 billion in premium and overseeing more than 7 million policies in force. Under his leadership, Erie Insurance has not only expanded its reach but has also maintained robust financial performance. As the company approaches its centennial celebration in 2025, NeCastro’s leadership has been characterized by a strong commitment to the well-being of employees, agents, and customers, reinforcing the core values and service promises of ERIE.

“Tim has led the organization with extraordinary kindness and humility,” remarked Tom Hagen, chairman of the board. “He has been a consistent model for The ERIE’s values—always putting people and service first. This is more than just a leadership transition—it marks the closing of a defining chapter in our company’s story.”

The board of directors will promptly initiate the process of identifying a successor to NeCastro, ensuring a smooth transition for the company.

NeCastro’s journey with Erie Insurance began in 1996, during which he held various senior leadership roles across internal audit, finance, product and policy services, and regional field operations. Notably, in 2014, he spearheaded the company’s expansion into Kentucky, marking Erie Insurance’s entry into its 12th state.

A native of Erie, Pennsylvania, NeCastro has also been deeply involved in community and economic development initiatives in his hometown. He is the founding board president of the Erie Downtown Development Corp., which has played a pivotal role in supporting investment and revitalization efforts in downtown Erie. Additionally, he has served in leadership and advisory capacities with various civic, philanthropic, and industry organizations at local, state, and national levels.

Despite his retirement from the CEO position, NeCastro will continue to serve as president of the Erie Insurance Foundation, a private charitable organization dedicated to community support.

“Erie Insurance has shaped not only my career but my life,” NeCastro expressed. “I’ve been fortunate to work alongside people who care deeply about one another, our customers, and the communities we serve. While this chapter is coming to a close, my commitment to ERIE and this community isn’t ending. I’m grateful for the opportunity to continue serving in a new way and to stay connected to the place and people that mean so much to me.”