TERRENCE W. CAVANAUGH
How do you impart 40 years of executive wisdom and knowledge to a new generation of C-Level executives? If you’re Terry Cavanaugh, you start Accretive Consulting.
A Chicago native, Terry retired as a Fortune 500 CEO and President of Erie Insurance, $7 billion dollar revenue property, casualty, life and annuity provider. Under Terry’s stewardship, Erie Insurance saw phenomenal growth. They were able to grow revenue by more than 55% and policyholder surplus by 67%.
Perhaps most importantly, Erie Insurance grew to become a recognized industry leader for service and customer focus. Their copyrighted motto, “Being Above All in Service” accurately describes Terry’s philosophy of Executive Leadership. It’s a big reason why Erie Insurance was awarded and recognized by J.D. Power, Forbes, and Barron’s, among others.
Prior to leading Erie Insurance, Terry served a long and distinguished tenure with the Chubb Group of Insurance companies, including a successful stint as Chief Marketing Officer. As CMO, Terry spearheaded efforts to develop new product capabilities which led to a rise in new products and premiums. His success as CMO led to a role as Chief Operating Officer of Chubb Surety, a position he held until he joined Erie in 2008.
Terry’s leadership roles in the insurance industry have led to positions including Board Member of Highmark Health, a $17 billion revenue integrated healthcare provider and Selective Insurance Group a super Regional Property & Casualty insurance company.
In 2015, Terry was appointed to the Pennsylvania Workforce Development Board by Pennsylvania Governor Tom Wolf. Prior to that, he received the Griffith Foundation’s Lifetime Achievement Award, recognizing his long-standing support of education.
He is a graduate of the University of Notre Dame, and attended the Harvard Business School PMD Program. A true lifelong learner, Terry is also a certified firefighter, scuba diver, an emerging woodworker and global traveler.