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Peter B. Lewis is the Cleveland, Ohio-area based Chairman of Progressive Insurance Companies. Lewis cultivates a reputation as a maverick, a controversial leader and businessman, and creative thinker.

Biography

Lewis graduated from Princeton University in 1955. He attended Camp Roosevelt for Boys, an overnight summer camp in Perry, Ohio, as a camper and counselor from 1943 through 1949. Auto Insurance Index - Cities - Cleveland Auto Insurance.

Business

In 1965, Lewis became CEO of Progressive Insurance, which at that time had 100 employees and $6 million in revenues. As of 1997, Progressive had grown to 14,000 employees with sales of $4. 8 billion and become the fifth largest auto insurance company in the United States. In 2002 Lewis retired as CEO of Progressive, though he remains as Chairman of the Board.

In 1987, Lewis and Alfred Lerner (1933-2002), owner of the Cleveland Browns and CEO of MBNA America Bank, attempted a takeover of the Cleveland Trust Bank of Cleveland, Ohio. Cleveland Workers Compensation Insurance, Cleveland Business. Though the takeover attempt was ultimately unsuccessful, it was profitable for both Lewis and Lerner.

Lewis's approach to business is often unorthodox. For instance, Progressive's headquarters, designed by Bialosky + Partners Architects and built in 1994, includes a health club and travel agency in addition to the ubiquitous contemporary art. Lewis credits these and other unorthodox factors for helping create an environment in which creative thinking thrives--the kind of creative thinking that Lewis says makes a more profitable business.

Donations

With an estimated net worth in excess of a billion dollars, Lewis frequently donates money to charities and political groups. :: WELCOME TO AUTOINSURANCE DIRECTORY ::.