Tim NeCastro will retire as president and chief executive officer of Erie Insurance at the end of 2026, according to an announcement made by the company. NeCastro’s departure will mark the conclusion of a 30-year career with Erie Insurance, including ten years in the top leadership role.
NeCastro was appointed CEO in 2016 and has overseen a period of growth for the insurer. Under his leadership, Erie Insurance expanded its premiums to nearly $13 billion and reached over seven million policies in force. The company maintained strong financial results during this time.
Tom Hagen, chairman of the board, commented on NeCastro’s leadership: “Tim has led the organization with extraordinary kindness and humility. 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.”
Since joining Erie Insurance in 1996, NeCastro held several senior positions, including roles in internal audit, finance, product and policy services, and regional field operations. In 2014, he directed the company’s expansion into Kentucky, bringing Erie Insurance into its twelfth state.
As CEO, NeCastro also oversaw significant events such as Erie Insurance’s centennial anniversary in 2025. His tenure focused on employee care and upholding company values related to service for customers and agents.
A native of Erie, Pennsylvania, NeCastro has contributed to local community development efforts. He served as founding board president of the Erie Downtown Development Corp., supporting downtown investment projects. He has also held advisory roles with various civic and industry organizations at different levels.
Reflecting on his career, NeCastro said: “Erie Insurance has shaped not only my career, but my life. I’ve 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’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.”
After retiring as CEO at year-end 2026, NeCastro will take on responsibilities as president of the Erie Insurance Foundation. The foundation focuses on long-term charitable giving that aligns with company values.
The search for NeCastro’s successor will begin immediately. He will remain in his position through December 31st to support continuity during the transition process.
Hagen added: “The timeline surrounding Tim’s decision provides the board with the opportunity to ensure a thoughtful and seamless leadership transition. Just as importantly, it enables us to remain fully focused on protecting and serving our customers and supporting our agents and employees.”
