{"id":89734,"date":"2026-02-24T07:29:31","date_gmt":"2026-02-24T10:29:31","guid":{"rendered":"https:\/\/ubirataonline.com.br\/tim-necastro-retiring-as-erie-insurance-ceo-after-10-year-run\/"},"modified":"2026-02-24T07:29:31","modified_gmt":"2026-02-24T10:29:31","slug":"tim-necastro-retiring-as-erie-insurance-ceo-after-10-year-run","status":"publish","type":"post","link":"https:\/\/ubirataonline.com.br\/en\/tim-necastro-retiring-as-erie-insurance-ceo-after-10-year-run\/","title":{"rendered":"Tim NeCastro retiring as Erie Insurance CEO after 10-year run"},"content":{"rendered":"<p><\/p>\n<div id=\"\">\n<div id=\"videoWrap\" class=\"spacer-large videoWrap\" style=\"position:relative\"><media-video video-id=\"78207212007\" title=\"Erie Insurance employees celebrate a century of steady growth\" poster=\"https:\/\/www.gannett-cdn.com\/authoring\/authoring-images\/2025\/01\/23\/NETN\/77907765007-p-3-necastro-010925.jpg?crop=4573,2572,x0,y0\" util-module-path=\"elements\/media\" placement=\"snow-video-story-priority\"><\/p>\n<div id=\"uwVideoPlaceholder\" slot=\"placeholder\" style=\"z-index:19;width:100%;padding-bottom:56.25%;position:relative\"><\/p>\n<div class=\"vidplaybtn\" style=\"display:-moz-box;display:-ms-flexbox;display:-webkit-flex;display:flex;background-color:rgba(0,0,0,.4);border:2px solid #fff;border-radius:80px;cursor:pointer;height:80px;width:80px;position:absolute;top:50%;left:50%;transform:translate(-50%,-50%);z-index:10\"><img decoding=\"async\" class=\"vidplayicon\" src=\"https:\/\/www.gannett-cdn.com\/appservices\/universal-web\/universal\/icons\/icon-play-alt-white.svg\" alt=\"play\" style=\"height:40px;margin:auto 18px auto 27px;width:40px\"\/><\/div>\n<\/div>\n<div slot=\"videoDetails\" id=\"videoDetails\" class=\"videoDetails\" style=\"padding-top:8px;padding-bottom:8px\">\n<div id=\"videoDetailsContainer\" class=\"videoDetailsContainer\" hidden=\"\">\n<p>Erie Insurance employees celebrate a century of steady growth<\/p>\n<p>Erie Insurance serves customers in 12 states and the District of Columbia and employs more than 6,500 people in Erie and field offices.<\/p>\n<\/div>\n<\/div>\n<p><\/media-video><\/div>\n<p><story-highlights class=\"spacer-small column ten-column no-gutter\" util-module-path=\"elements\/story\"><\/p>\n<ul>\n<li>Tim NeCastro, CEO of Erie Insurance, has announced his retirement effective at the end of the year.<\/li>\n<li>Under his leadership, the company experienced significant growth in revenue, employment, and policies.<\/li>\n<li>The company&#8217;s board of directors will begin an immediate search for his successor.<\/li>\n<\/ul>\n<p><\/story-highlights><partner-banner util-module-path=\"elements\/partner\" class=\"spacer-large\" min-height=\"390\" fluid=\"\" outstream=\"\"\/>\n<p>Tim NeCastro \u2014 the homegrown talent who led <a href=\"https:\/\/www.erieinsurance.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Erie Insurance<\/a> through a pandemic, built <a href=\"https:\/\/www.goerie.com\/picture-gallery\/news\/local\/2020\/12\/22\/new-erie-insurance-office-building-complete-see-photos\/4011327001\/\" data-type=\"link\" data-id=\"https:\/\/www.goerie.com\/picture-gallery\/news\/local\/2020\/12\/22\/new-erie-insurance-office-building-complete-see-photos\/4011327001\/\" target=\"_blank\" rel=\"noreferrer noopener\">a new office building<\/a>, <a href=\"https:\/\/www.goerie.com\/story\/news\/local\/2025\/06\/03\/fortune-500-erie-insurance-ranks-on-2025-list\/84007995007\/\" target=\"_blank\" rel=\"noreferrer noopener\">grew revenues and employment<\/a> and helped launch <a href=\"https:\/\/www.goerie.com\/story\/news\/2024\/10\/02\/criz-program-erie-pa-public-hearing-city-revitalization-improvement-zone\/75455362007\/\" data-type=\"link\" data-id=\"https:\/\/www.goerie.com\/story\/news\/2024\/10\/02\/criz-program-erie-pa-public-hearing-city-revitalization-improvement-zone\/75455362007\/\" target=\"_blank\" rel=\"noreferrer noopener\">a community revitalization<\/a> \u2014 has announced his retirement.<\/p>\n<partner-banner util-module-path=\"elements\/partner\" class=\"spacer-large\" min-height=\"600\" fluid=\"\" outstream=\"\" momentum=\"\"\/>\n<p>NeCastro, 65, plans to step down at the end of this year.<\/p>\n<p>The company&#8217;s board of directors will immediately begin the process of identifying his successor, said Matthew Cummings, spokesman for Erie Insurance.<\/p>\n<p>A Gannon University graduate and trained accountant, <a href=\"https:\/\/www.goerie.com\/story\/news\/2016\/06\/02\/necastro-to-be-new-ceo\/25129927007\/\" data-type=\"link\" data-id=\"https:\/\/www.goerie.com\/story\/news\/2016\/06\/02\/necastro-to-be-new-ceo\/25129927007\/\" target=\"_blank\" rel=\"noreferrer noopener\">NeCastro was named in 2016<\/a> to replace Terrence Cavanaugh, the only outsider to lead the 100-year-old company.<\/p>\n<p>Erie Insurance, which <a href=\"https:\/\/www.goerie.com\/story\/news\/2025\/02\/11\/top-50-employers-erie-county-pennslyvania\/77717290007\/\" data-type=\"link\" data-id=\"https:\/\/www.goerie.com\/story\/news\/2025\/02\/11\/top-50-employers-erie-county-pennslyvania\/77717290007\/\" target=\"_blank\" rel=\"noreferrer noopener\">ranks as Erie County&#8217;s largest employer<\/a>, has been a member of the Fortune 500 for more than 20 years, <a href=\"https:\/\/www.goerie.com\/story\/news\/local\/2025\/06\/03\/fortune-500-erie-insurance-ranks-on-2025-list\/84007995007\/\" data-type=\"link\" data-id=\"https:\/\/www.goerie.com\/story\/news\/local\/2025\/06\/03\/fortune-500-erie-insurance-ranks-on-2025-list\/84007995007\/\" target=\"_blank\" rel=\"noreferrer noopener\">ranking most recently <\/a>as the nation&#8217;s 323rd largest company by revenue.<\/p>\n<partner-banner util-module-path=\"elements\/partner\" fluid=\"\" bottom=\"\" lazy=\"\" class=\"spacer-large\" min-height=\"390\" outstream=\"\"\/><media-image image-set=\"https:\/\/www.gannett-cdn.com\/authoring\/authoring-images\/2026\/02\/19\/NETN\/88763713007-20260220-tim-ne-castro-headshot.jpg bestCrop, https:\/\/www.gannett-cdn.com\/authoring\/authoring-images\/2026\/02\/19\/NETN\/88763713007-20260220-tim-ne-castro-headshot.jpg?crop=1079,811,x0,y134 4:3, https:\/\/www.gannett-cdn.com\/authoring\/authoring-images\/2026\/02\/19\/NETN\/88763713007-20260220-tim-ne-castro-headshot.jpg?crop=810,1079,x108,y0 3:4, https:\/\/www.gannett-cdn.com\/authoring\/authoring-images\/2026\/02\/19\/NETN\/88763713007-20260220-tim-ne-castro-headshot.jpg?crop=1079,607,x0,y216 16:9\" image-alt=\"\" credit=\"PROVIDED BY ERIE INSURANCE GROUP\" caption=\"Tim NeCastro, Erie Insurance\" orientation=\"horizontal\" class=\"spacer-large\" util-module-path=\"elements\/media\"\/><\/p>\n<p>Under NeCastro&#8217;s leadership, the company grew to nearly $13 billion in premiums and more than 7 million policies in force.<\/p>\n<p>Erie Insurance also raised its profile during that time, winning numerous industry awards and being named to the S&amp;P 500 Index in 2024. In April of 2025, in honor of the company&#8217;s 100th anniversary, NeCastro was asked to<a href=\"https:\/\/www.goerie.com\/story\/news\/2025\/04\/28\/nasdaq-stock-exchange-erie-insurance-tim-necastro-ring-opening-bell\/83271829007\/\" target=\"_blank\" rel=\"noreferrer noopener\"> ring the opening bell on Nasdaq.<\/a><\/p>\n<partner-inline util-module-path=\"elements\/partner\" class=\"spacer-large\" placement=\"native-article_link\" sizes=\"[[300, 250], [3, 3]]\" min-height=\"250\" fluid=\"\" outstream=\"\"\/><cta-atoms-container-inline util-module-path=\"elements\/cta\" class=\"spacer-large\"\/><\/p>\n<p class=\"related-link\"><span class=\"exclude-from-newsgate\"><strong style=\"margin-right:3px\">More: <\/strong><a href=\"https:\/\/www.goerie.com\/story\/business\/economy\/2025\/11\/04\/criz-erie-reading-pa\/87065428007\/\" rel=\"noreferrer\" target=\"_blank\">The Fortune 500 reason Reading&#8217;s CRIZ started modestly while Erie&#8217;s rocketed to life<\/a><\/span><\/p>\n<p>Over the past decade, the company<a href=\"https:\/\/www.goerie.com\/story\/business\/2024\/02\/20\/erie-insurance-added-hundreds-new-employees-in-2023-erie-pa-indemnity-necastro-hagen-cavanaugh\/72543499007\/\" data-type=\"link\" data-id=\"https:\/\/www.goerie.com\/story\/business\/2024\/02\/20\/erie-insurance-added-hundreds-new-employees-in-2023-erie-pa-indemnity-necastro-hagen-cavanaugh\/72543499007\/\" target=\"_blank\" rel=\"noreferrer noopener\"> expanded its workforce<\/a> in Erie, built the <a href=\"https:\/\/www.goerie.com\/story\/business\/2021\/09\/15\/erie-insurance-office-building-dedicated-for-chairman-thomas-b-hagen\/5668704001\/\" data-type=\"link\" data-id=\"https:\/\/www.goerie.com\/story\/business\/2021\/09\/15\/erie-insurance-office-building-dedicated-for-chairman-thomas-b-hagen\/5668704001\/\" target=\"_blank\" rel=\"noreferrer noopener\">$147 million Thomas B. Hagen Building<\/a> and launched <a href=\"https:\/\/www.goerie.com\/story\/news\/local\/2025\/12\/29\/key-erie-county-pa-construction-projects-expected-to-move-ahead-2026\/87831262007\/\" data-type=\"link\" data-id=\"https:\/\/www.goerie.com\/story\/news\/local\/2025\/12\/29\/key-erie-county-pa-construction-projects-expected-to-move-ahead-2026\/87831262007\/\" target=\"_blank\" rel=\"noreferrer noopener\">a major renovation<\/a> of the F.W. Hirt Perry Square Building.<\/p>\n<p>The company also weathered a storm this past summer when <a href=\"https:\/\/www.goerie.com\/story\/news\/local\/2025\/07\/07\/cyber-experts-no-private-data-breached-erie-insurance\/84496935007\/\" data-type=\"link\" data-id=\"https:\/\/www.goerie.com\/story\/news\/local\/2025\/07\/07\/cyber-experts-no-private-data-breached-erie-insurance\/84496935007\/\" target=\"_blank\" rel=\"noreferrer noopener\">a network security incident caused a disruption<\/a> of computerized operations.<\/p>\n<partner-banner util-module-path=\"elements\/partner\" fluid=\"\" bottom=\"\" lazy=\"\" class=\"spacer-large\" min-height=\"600\" outstream=\"\" momentum=\"\"\/>\n<p>NeCastro, known for giving gifts of homemade pizzelles for the holidays, made a giant batch of meatballs to help feed those who were working on the problem.<\/p>\n<p><media-gallery-promo asset-id=\"88774938007\" class=\"column ten-column no-gutter spacer-large\"\/><\/p>\n<h2 class=\"presto-h2 wp-block-heading\">NeCastro has played role as community leader<\/h2>\n<p>Outside the company, NeCastro might be best remembered for the leadership role he has assumed in the Erie community.<\/p>\n<p>Tom Hagen, the chairman of the company&#8217;s board of directors, introduced NeCastro as the company&#8217;s new leader 10 years ago after what he called a &#8220;thorough and deliberate process.&#8221;<\/p>\n<p><media-image image-set=\"https:\/\/www.gannett-cdn.com\/authoring\/authoring-images\/2026\/02\/19\/NETN\/88764531007-img-p-4-fourth-necastro-012-1-1.JPG bestCrop, https:\/\/www.gannett-cdn.com\/authoring\/authoring-images\/2026\/02\/19\/NETN\/88764531007-img-p-4-fourth-necastro-012-1-1.JPG?crop=3331,2498,x484,y0 4:3, https:\/\/www.gannett-cdn.com\/authoring\/authoring-images\/2026\/02\/19\/NETN\/88764531007-img-p-4-fourth-necastro-012-1-1.JPG?crop=1874,2498,x1526,y0 3:4, https:\/\/www.gannett-cdn.com\/authoring\/authoring-images\/2026\/02\/19\/NETN\/88764531007-img-p-4-fourth-necastro-012-1-1.JPG?crop=3815,2146,x0,y176 16:9\" image-alt=\"\" credit=\"ERIE TIMES-NEWS FILE\" caption=\"Tim NeCastro in 2020 stands in front of North Park Row, where the Erie Downtown Development Corp. has gone about a massive, long-term redevelopment plan.\" orientation=\"horizontal\" class=\"spacer-large\" util-module-path=\"elements\/media\"\/><\/p>\n<p>Within a few months, NeCastro said in a recent interview with the Erie Times-News, Hagen spoke with him about expanding his role.<\/p>\n<partner-banner util-module-path=\"elements\/partner\" fluid=\"\" bottom=\"\" lazy=\"\" class=\"spacer-large\" min-height=\"390\" outstream=\"\"\/><partner-inline util-module-path=\"elements\/partner\" placement=\"native-article_link\" sizes=\"[[300, 250], [3, 3]]\" min-height=\"250\" fluid=\"\" outstream=\"\"\/>\n<p>&#8220;I can remember Mr. Hagen telling me your role is not just to run the company. It&#8217;s to (help) the company get the community out of the gutter.&#8221;<\/p>\n<p>&#8220;He said, &#8216;What is the purpose of being the big kid on the block if you can&#8217;t help your community?'&#8221; NeCastro said.<\/p>\n<p>That expanded job description led NeCastro and Erie Insurance to launch what became the <a href=\"https:\/\/www.erieddc.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">Erie Downtown Development Corp.<\/a>, which has invested $150 million in downtown development. It also has led NeCastro into a role as chairman of Infinite Erie&#8217;s board of managers. <a href=\"https:\/\/www.goerie.com\/story\/news\/local\/2026\/02\/05\/infinite-erie-playbook-focuses-on-housing-waterfront-development\/88489584007\/\" target=\"_blank\" rel=\"noreferrer noopener\">Infinite Erie was crafted as a playbook for Erie community investment priorities<\/a> that launched in 2022.<\/p>\n<p>Along with his work on local revitalization efforts, NeCastro and his wife, Lisa NeCastro, are also avid supporters of charitable causes. They led the capital campaign to <a href=\"https:\/\/www.goerie.com\/story\/news\/2024\/07\/11\/erie-pa-experience-childrens-museum-set-to-show-off-renovations\/74337255007\/\" data-type=\"link\" data-id=\"https:\/\/www.goerie.com\/story\/news\/2024\/07\/11\/erie-pa-experience-childrens-museum-set-to-show-off-renovations\/74337255007\/\" target=\"_blank\" rel=\"noreferrer noopener\">renovate and expand the Experience Children\u2019s Museum<\/a> in 2023, helping to raise $18.5 million for the project. They serve as <a href=\"https:\/\/www.goerie.com\/story\/news\/2024\/06\/07\/united-way-of-erie-county-receives-donation-for-erie-schools\/73897236007\/\" data-type=\"link\" data-id=\"https:\/\/www.goerie.com\/story\/news\/2024\/06\/07\/united-way-of-erie-county-receives-donation-for-erie-schools\/73897236007\/\" target=\"_blank\" rel=\"noreferrer noopener\">co-chairs for United Way of Erie County\u2019s Uniting for Education endowment campaign<\/a> to support the organization\u2019s Community Schools model.<\/p>\n<partner-banner util-module-path=\"elements\/partner\" fluid=\"\" bottom=\"\" lazy=\"\" class=\"spacer-large\" min-height=\"390\" outstream=\"\"\/>\n<p>&#8220;Tim has led the organization with extraordinary kindness and humility,&#8221; Hagen said in a statement. &#8220;He has been a consistent model for The ERIE\u2019s values \u2014 always putting people and service first. This is more than just a leadership transition \u2014 it marks the closing of a defining chapter in our company\u2019s story.&#8221;<\/p>\n<p>Hagen continued: &#8220;Beyond his leadership here at The ERIE, Tim has been a tireless advocate for our community. His work as the founding president of the Erie Downtown Development Corporation has brought millions of dollars of investment into the revitalization of our downtown, and his dedication to other organizations and initiatives throughout our city reflect his deep belief in service that extends beyond our company.&#8221;<\/p>\n<partner-inline util-module-path=\"elements\/partner\" class=\"spacer-large\" placement=\"native-article_link\" sizes=\"[[300, 250], [3, 3]]\" min-height=\"250\" fluid=\"\" outstream=\"\"\/>\n<p>In a recent interview, NeCastro said his work with community organizations would continue after his eventual retirement.<\/p>\n<p>In that interview, he said, &#8220;I see my being involved in this community until the day a die. I am never resigning from that role.&#8221;<\/p>\n<partner-banner util-module-path=\"elements\/partner\" fluid=\"\" bottom=\"\" lazy=\"\" class=\"spacer-large\" min-height=\"390\" outstream=\"\"\/>\n<p>A graduate of Cathedral Preparatory School, NeCastro worked at both the accounting firm Ernst &amp; Young and as director of finance for the Erie-based Plastek Group.<\/p>\n<p>He joined Erie Insurance in 1996 and held senior leadership roles in internal audit, finance, product and policy services, and regional field operations.<\/p>\n<p class=\"related-link\"><span class=\"exclude-from-newsgate\"><strong style=\"margin-right:3px\">Centennial celebration: <\/strong><a href=\"https:\/\/www.goerie.com\/story\/news\/local\/2025\/02\/14\/erie-insurance-top-employer-erie-pa-eyes-future-past-celebrates-a-century\/77600475007\/\" rel=\"noreferrer\" target=\"_blank\">Erie Insurance marks 100 years. &#8216;We are not changing who we are&#8217;<\/a><\/span><\/p>\n<p>He reflected on his Erie Insurance career in a statement.<\/p>\n<p>&#8220;Erie Insurance has shaped not only my career, but my life,&#8221; he said. &#8220;I\u2019ve been fortunate to work alongside people who care deeply about one another, about our customers, and about the communities we serve. While this chapter is coming to a close, my commitment to ERIE and to this community isn\u2019t ending.&#8221;<\/p>\n<p>I\u2019m 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.&#8221;<\/p>\n<partner-banner util-module-path=\"elements\/partner\" fluid=\"\" bottom=\"\" lazy=\"\" class=\"spacer-large\" min-height=\"390\" outstream=\"\"\/>\n<p><em>Contact Jim Martin at\u00a0<a href=\"mailto:jmartin@timesnews.com\" target=\"_blank\" rel=\"noreferrer noopener\"><em>jmartin@timesnews.com<\/em><\/a><\/em>.<\/p>\n<lit-timestamp class=\"column ten-column no-gutter spacer-small\" slot=\"timestamp\" publishdate=\"2026-02-20 16:01:00.017604351 +0000 UTC\" updatedate=\"2026-02-20 16:01:00.017604351 +0000 UTC\"\/><\/div>\n<p><a href=\"https:\/\/www.goerie.com\/story\/news\/local\/2026\/02\/20\/erie-insurance-ceo-tim-necastro-retiring\/88761251007\/\">Source link <\/a><br \/>\nSee more https:\/\/theglobaltrack.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Erie Insurance employees celebrate a century of steady growth Erie Insurance serves customers in 12 states and the District of Columbia and employs more than 6,500 people in Erie and field offices. Tim NeCastro, CEO of Erie Insurance, has announced his retirement effective at the end of the year. Under his leadership, the company experienced [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":89735,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow2JLhCw:productID":"","_gspb_post_css":"","maa_idioma":"","maa_pais":"","footnotes":""},"categories":[1],"tags":[20272,6666,18059,3940,20271,15249,3538,9391],"class_list":["post-89734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ubirata","tag-10year","tag-ceo","tag-erie","tag-insurance","tag-necastro","tag-retiring","tag-run","tag-tim"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tim NeCastro retiring as Erie Insurance CEO after 10-year run - Ubirat\u00e3 Online Not\u00edcias - A realidade ao seu alcance!<\/title>\n<meta name=\"description\" content=\"Erie Insurance employees celebrate a century of steady growthErie Insurance serves customers in 12 states and the District of Columbia and employs more\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ubirataonline.com.br\/en\/tim-necastro-retiring-as-erie-insurance-ceo-after-10-year-run\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tim NeCastro retiring as Erie Insurance CEO after 10-year run\" \/>\n<meta property=\"og:description\" content=\"Erie Insurance employees celebrate a century of steady growthErie Insurance serves customers in 12 states and the District of Columbia and employs more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ubirataonline.com.br\/en\/tim-necastro-retiring-as-erie-insurance-ceo-after-10-year-run\/\" \/>\n<meta property=\"og:site_name\" content=\"Ubirat\u00e3 Online Not\u00edcias - 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