State Compensation Insurance Fund
Peter Guastamachio has a diverse work experience spanning several industries. Peter began their career in 1991 at Argonaut Insurance Company, where they served as Assistant Treasurer and Investment Director for over a decade. In 2002, they joined Bank of the West as a Vice President and Assistant Portfolio Manager, a position they held until 2009. During this time, they also took on leadership roles at the State Compensation Insurance Fund, serving as Chief Investment Officer from 2009 to 2014, and Chief Financial Officer from 2014 onwards. Additionally, they became a Board Member at the California Insurance Guaranty Association in 2012.
Peter Guastamachio earned their Bachelor of Science degree in Biology from the University of California, Berkeley in 1976. Additionally, they obtained a Master of Business Administration (MBA) in Finance from St. Mary's College of California between 1987 and 1989.
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State Compensation Insurance Fund
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State Fund is California’s leading provider of workers’ compensation insurance. Not for profit and funded solely by premiums and investment income, we’ve supported California’s entrepreneurial spirit and played a vital role in the state’s economy for more than 100 years. By innovating in areas such as workplace safety and injured worker care, we’re committed to serving California for the next 100 as well. To learn more or get a quote, contact your broker or visit www.StateFundCA.com. VISION - To be recognized by our customers, regulators, and the insurance community as the industry leader and best value in California; to underwrite the California dream by providing services that are responsive to our clients’ evolving needs. CULTURE - Our culture centers on our purpose and values. We exist to provide fairly priced workers' compensation insurance, make workplaces safe, and restore injured workers. To fully represent California, we are committed to our employees by embracing and celebrating our diverse workforce and fostering inclusion to make the workplace a dynamic environment for all. We recognize and reward high performance, yet value a healthy work/life balance.