Terrence W. Cavanaugh, President & Chief Executive Officer, Erie Insurance Group
October 7, 2011
Terrence W. Cavanaugh serves as president and chief executive officer of Erie Insurance Group, a regional property/casualty and life insurer based in Erie, Pa.
A native of Chicago, Cavanaugh joined The ERIE in 2008 after a distinguished 33-year career with the Chubb Group of Insurance Companies. He began his career as a bond underwriter for Chubb Surety in 1975 after graduating from the University of Notre Dame.
He progressed through a variety of positions with increasing responsibility in Chubb’s property/casualty business. These included several branch manager positions followed by two Zone Officer positions. As a Zone Officer, he was responsible for underwriting, claims, loss control and marketing activities, including management of the agency distribution relationship in up to 17 states. He was credited with growing revenues and expanding the agency distribution channel, and raising underwriting, service and marketing functions to new levels of effectiveness. These achievements led to his appointment as Chief Marketing Officer (CMO) for Chubb in 1999. As CMO, he developed new product capabilities that led to a rise in new products and premiums. Mr. Cavanaugh was then asked to return to Chubb Surety to serve as its Chief Operating Officer, a position he held until joining The ERIE in July 2008.
Mr. Cavanaugh currently serves on the Board of Governors of Property Casualty Insurers Association of America (PCI). In addition to PCI, he is on the board of the Erie Regional Chamber and Growth Partnership, Mercyhurst College, Saint Vincent Health System, the United Way of Erie County, and the American Institute for CPCU and Insurance Institute of America.