LAKE FOREST, Calif. — Portfolio has announced that Peter W. Jacobson, formerly of Toyota Financial Services in San Francisco, has joined the company as a reinsurance specialist. The position requires working closely with dealer principals on business strategy and a thorough knowledge of all dealership operations.

Jacobson most recently served as dealer sales and service manager in the San Francisco office of Toyota Financial Services, starting in 2013; starting in 2007, he held the same position in the Sacramento office of TFS. He is credited with helping the company’s production in insurance, finance and lease, loans, and floorplan. He earned the University of Toyota’s “Master” certification in Toyota Quality Financial Management in 2002, and represented his region at both Dealer Council and Dealer Advertising Association meetings throughout his tenure as DSSM. In 2015, he was named National Champion in TFS’s Dealer Simulation contest at the National Sales Conference.

“Pete is a perfect fit with Portfolio. He has known us as a competitor for many years, and brings vast experience working with dealer principals in all aspects of their operations,” said Graye Wolfe, Portfolio’s managing director for the Western U.S. “As a former dealer, I respect what he brings to the table and predict he will be very successful as one of our reinsurance specialists.”

CSO Dan Haugen added, “Portfolio’s growth has always been based on putting the most talented industry veterans in the field to serve our dealer clients. Our future growth depends on the same, with experienced reinsurance specialists working with our agents to deliver our unique value proposition to new dealer clients. I am enthusiastic about Pete joining our sales team, because he has the qualifications and energy help us build our business.”

A 1983 graduate of the University of the Pacific with a B.S. in economics, Jacobson began his career with GMAC in California. He was hired by Toyota Motor Credit Corp. in 1991 as a dealer relations manager and would promoted to performance development manager in 2000, when TMMC merged with Toyota Motors Insurance Services.