BNET Industries
Last Fiscal Year Sales:$1.0B
- Private
- US
Dow Jones Description
Pan-American Life Insurance Company, along with its domestic and international subsidiaries, operates under a parent holding company the Pan-American Life Insurance Group. The Pan-American Life Insurance Group was part of the company's reorganization under a mutual holding company structure. The move was overwhelmingly approved by policyholders in fall 2006 and by the Louisiana Department of Insurance. Under a mutual holding company structure, Pan-American Life has additional means to raise capital and more organizational flexibility, creating opportunities for greater growth through acquisitions and further financial strengthening of the company. The mutual holding company structure also provides a number of different capital raising options that a mutual insurance company does not have, while maintaining and preserving policyholder control and membership rights. The reorganization did not cause any change in premiums or a reduction in policy benefits, values or guarantees, and policyholder dividends were protected. Pan-American Life received 30,890 votes from eligible policyholders, with 95.5% being in favor of adopting the plan of reorganization. This successful vote came just months after the Board of Directors unanimously approved the plan.
Chairman, President & CEO
Jose S. SuquetNumber of Employees 600
Contact Information
601 Poydras St
New Orleans, Louisiana 70130-6029
(504) 566-3554
Peer Companies
NAICS Code Offices of Lawyers: 541110
News & Analysis
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pan-american life insurance co. - All News and Analysis
Pan-American Life Insurance Group Sponsors The Baroque World of Fernando Botero Exhibition
Exhibition Will Feature Colombian Artist Fernando Botero's Popular Works at the New Orleans Museum of Art NEW ORLEANS -- Pan-American Life Insurance Group announced today their endowment to support the community-wide Botero exhibition, "The Baroque World of Fernando Botero," at the New Orleans Museum of Art NOMA, as the...
Pan-American Life Insurance Company Announces New Vice President of International and Domestic Life Insurance Operations
NEW ORLEANS -- Pan-American Life Insurance Company, a leading international insurance company providing life insurance, worksite benefits and financial services for more than 95 years, announced today that Mr. Arturo Ronderos has been appointed as Vice President - International and Domestic Life Insurance Operations. As part of the senior...
Pan-American Life Insurance Company Announces New Field Vice President of International Dollar Sales
NEW ORLEANS -- Pan-American Life Insurance Company, a leading international insurance company providing life insurance, worksite benefits and financial services for more than 95 years, announced that Jorge A. Gonzalez has been appointed as the company's new Field Vice President FVP of International Dollar Sales. Mr. Gonzalez will be...
Pan-American Life Insurance Company Continues to Build on Financial Results in 2007
A $25 Million Increase in Total Sales and $21.1 Million Contribution to Surplus Highlight Another Year of Sustained Growth NEW ORLEANS -- Pan-American Life Insurance Company reported today that the company achieved statutory revenues of $275 million, and $21.1 million in contribution to surplus during 2007. The gains attained...
New Orleans-based Pan-American Life Insurance reports $275M in 2007
Pan-American Life Insurance Co. today said the company in 2007 had revenues of $275 million, up 5 percent from $262.4 million in 2006, which was considered a record year. "The gains attained in the past year build on the record levels reached during 2006 and place the company's...
Pan-American Life Insurance Company Names Insurance Industry Veteran as New Executive Vice President-International
NEW ORLEANS -- Pan-American Life Insurance Company, a leading international insurance company providing life insurance, worksite benefits and financial services for more than 95 years, announced today the appointment of Eugenio Magdalena as Executive Vice President-International. Mr. Magdalena, who will initially be based in Panama, will oversee all of...
Pan-American Life Insurance Company Names New Vice President for Latin America Regional Operations
NEW ORLEANS -- Pan-American Life Insurance Company, a leading international insurance company providing life insurance, worksite benefits and financial services for more than 95 years, announced that Robb A. Suchecki will join the company as its new vice president for Latin American Regional Operations. Based in Panama, Mr. Suchecki...
Fitch Ratings affirms 'A' rating for Pan-American Life Insurance Co.
Fitch Ratings affirmed the 'A' insurer financial strength rating and stable outlook on Pan-American Life Insurance Co. and its subsidiary Pan-American Assurance Co. Fitch said Pan-American Life's rating is supported by its balance sheet strength and its niche position in the Latin American and Hispanic markets and also...
Pan-American Life Insurance underwrites Louisiana Philharmonic
Pan-American Life Insurance Group signed a five-year, $125,000 agreement, to be the Louisiana Philharmonic Orchestra's title sponsor for a special concert in the Spotlight Series. "This pledge reflects Pan-American Life's commitment to the city and the international community," said President and CEO of Pan- American Life Jose Suquet....
Pan-American refocuses on its Latin American core
Jose Suquet made streamlining operations at Pan-American Life Insurance Co. a priority when he was named CEO and president in November 2004. The company has since divested its financial advisory service and group insurance sales, outsourced its technical support and sold the 28-story downtown office building containing...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Carlos F. Mickan | Executive Vice President and Chief Financial Officer (Cfo) |
| Gregg M. Schneider | Senior Vice President and Chief Actuary |
| Karen Chauvin | Chief Information Officer |
| Luis Ingles | Chief Investment Officer |
| Rodolfo J Rudy Revuelta | Senior Vice President and Chief Investment Officer |
| Eugenio Magdalena | Executive Vice President, Intl Affairs |
| G. Patrick McGunagle | Executive Vice President |
| Patrick McGunagle | Executive Vice President |
| Richard White | Executive Vice President, Domestic Markets |
| Felix Martinez | Senior Vice President, International Sales |
| Patrick Fraizer | Senior Vice President of Human Resources and General Counsel |
| William T. Steen | General Counsel, Senior Vice President & Secretary |
| Arturo Ronderos | Vice President, Intl & Domestic Life Insurance Operations |
| Carlos Adame | General Counsel & Vice President |
| David M. Cheek | Vice President, Sales |
| Gregory D. Adams | Vice President |
| John P. Foley | Head, Product Dev & Vice President, Operations |
| Kathleen L. Smith | Vice President, Audit |
| Lisa Baudot | Second Vice President, Securities |
| Lory Dupuy | Vice President |
| Marta Reeves | Vice President for Corporate Marketing |
| Naima Velasquez | Field Vice President, International Sales |
| Norman Hodgins | Vice President, Individual Sales, US |
| Patrick Bowen | Vice President, Sales |
| Phillip Straub | Second Vice President, Individual Sales |
| Rafael R. Shabetai | Vice President |
| Raul Villaverde | Vice President, Intl Operations |
| Rene E. Lamar | Reg Vice President, Institutional Sales & US Retail Dev |
| Ronnie Spedale | Vice President, Sales, Marketing |
| George McDonald | General Manager |
| Alfredo Ricord | Operations Manager |
| Cecilia Salazar | Operations Manager |
| Jose Arturo Gomez | Operations Manager |
| Maria Del Rosario Alvarez | Operations Manager |
| Maria Teresa Bolanos | Operations Manager |
| Salvador Irungaray | Operations Manager |
| Yarai Samaniego | Operations Manager |
| Daniel E. LaGrone | Associate General Counsel |
| Jennifer Template | Compliance Analyst |
| Lydia Dominguez | Compliance Analyst |
| Oliver Williams | Illustration Software Developer |
| Peggy Geauthreaux | Sales Support Coordinator |
| Henry Goodrich Jr. | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Jose S. Suquet | Chairman, President & CEO |
Mr. Suquet is president and CEO of Pan-American Life Insurance Group Inc. New Orleans-based Pan-American Life has been a leading international insurance company for more than 95 years. Founded in 1911, Pan-American Life employs more than 700 worldwide, providing its top-rated life, group life and health and worksite benefits in 43 states, the District of Columbia (DC) and Puerto Rico. Its international operations, offering life and group health insurance throughout Latin America, include affiliates in Panama, Guatemala and Colombia, and branch offices in Ecuador, El Salvador and Honduras. Mr. Suquet has held senior management posts in the insurance industry for more than two decades, including serving as senior executive vice president of AXA Financial, with responsibilities that included managing the company's multiple distribution channels and service operations. During his 6-year tenure at the company's corporate office, AXA's sales rose from $5.5 billion to more than $13 billion. Over the past 25 years, he has served major insurance organizations in management, operations, sales and marketing positions for both domestic and overseas operations. Mr. Suquet was born in Cuba and graduated from Fordham University (New York) with a Bachelors of Arts. He also holds an M.B.A. from the University of Miami. He has long been involved in professional and industry associations, and is past chairman of LIMRA International and a former member of the board of trustees of the American College (a professional institution that provides advanced degrees in the industry.) While living in New York, Mr. Suquet served as a director of the Greater New York YMCA and as a trustee of the Browning School. Before moving to New York City, Mr. Suquet was prominent in Miami civic and business affairs, where his general agency The Suquet Agency was among the sales and marketing leaders of The Equitable. The Suquet Agency was awarded Equitable President's Trophy for eight straight years under his management. In Miami, Mr. Suquet was chairman-elect of the Beacon Council comprised of business, civic and government leaders in the region- and was a trustee of Florida International University Foundation. He was also a trustee of Baptist Hospital Foundation and the Alexis de Tocqueville Society of United Way. Mr. Suquet serves on the board of trustees of the United Way of the Greater New Orleans Area and is vice chairman of the United Way campaign for 2007. He is a board member of the Ochsner Health System and Greater New Orleans Inc. Mr. Suquet is also a member of the Business Council of New Orleans and the River Region.
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Chairman, President & CEO | Current |
| Greater New Orleans, Inc | Board Member | Current |
| Ochsner Health System | Board Member | Current |
| Limra International Inc. | Chairman | Former |
| University of Miami | M.B.A. | Former |
| Fordham University | Bachelors of Arts | Former |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Executive Vice President and Chief Financial Officer (Cfo) | Current |
| Principal International, Inc. | Cfo | Former |
| Principal International, Inc. | Senior Vice President | Former |
| Principal Financial Group, Inc. | Former | |
| University of South Carolina | M.B.A In International Business | Former |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Senior Vice President and Chief Actuary | Current |
| American Academy of Actuaries | Board of Directors | Current |
| American Academy of Actuaries | Member | Current |
| Sentry Insurance | Vice President | Former |
| Deloitte & Touche LLP | Consulting Actuary | Former |
| Deloitte Touche Tohmatsu | consulting actuary | Former |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Chief Information Officer | Current |
| Pan-American Life Insurance Company | Software Developer | Current |
| Pan-American Life Insurance Company | Vice President, Solution Services & Info Technology | Former |
| Pan-American Life Insurance Company | It Manager | Former |
| Louisiana State University | Bachelor of Science In Computer Science | Former |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Chief Investment Officer | Current |
Rodolfo J. "Rudy" Revuelta is responsible for the corporate and mortgage-backed securities portfolios of Pan-American's U.S. and Latin American branches and affiliates. Mr. Revuelta began his professional career with Pan-American Life in 1976 as a Latin American securities analyst and was named vice president in 1993.
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Senior Vice President and Chief Investment Officer | Current |
| CFA Institute | Member | Current |
| Pan-American Life Insurance Company | Latin American Securities Analyst | Former |
| University of Florida | Bsba and Mba Degrees (1973 | Former |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Executive Vice President, Intl Affairs | Current |
| Cranfield School of Management | M.B.A | Former |
| The Catholic University of America | Degree In Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Executive Vice President | Current |
| Fortent | Executive | Current |
| AXA Financial, Inc. | Senior Vice President | Former |
| University of Pittsburgh | Masters Degree In Public Administration | Former |
| Harvard University | Masters degree in Public Administration | Former |
| University of Pittsburgh | B.A. in Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Executive Vice President, Domestic Markets | Current |
| University of Nebraska | Bachelor of Science In Business Administration | Former |
Mr. Martinez is responsible for developing our international markets and managing the international individual insurance and group international operations in countries where we have a corporate presence. With more than 35 years of practice, his efforts are focused on gaining market share, developing distribution and contributing to corporate profits. Mr. Martinez came to Pan-American Life in 1996 from John Hancock Life Insurance Company in Boston where he was director of agency development. His responsibilities as a director included the development of the independent agency distribution system for John Hancock for the domestic market. Before working for John Hancock, Mr. Martinez spent 24 years with Confederation Life Insurance Company in Atlanta where he held numerous marketing responsibilities and positions, including director of agency management and international market development Mr. Martinez earned a bachelor's degree of arts in business administration from Universidad Interamericana de Puerto Rico.
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Senior Vice President, International Sales | Current |
| Confederation Life Insurance Company | Former |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Senior Vice President of Human Resources and General Counsel | Current |
| The Iowa State Bar Association | Board of Directors | Current |
| Iowa Society of Certified Public Accountants | Board of Directors | Current |
| Principal Financial Group, Inc. | Vice President | Former |
| Principal Financial Group, Inc. | Senior International Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | General Counsel, Senior Vice President & Secretary | Current |
| Americaninstitute.Com | member | Former |
| Boston University | LLM in Taxation | Former |
| Loyola University | BBA | Former |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Vice President, Intl & Domestic Life Insurance Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | General Counsel & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Vice President, Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Vice President | Current |
| Louisiana State University | BS in Math and an MS in Applied Math | Former |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Head, Product Dev & Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Vice President, Audit | Current |
| KPMG International | Senior Manager) and OMNI | Former |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Second Vice President, Securities | Current |
| Loyola University | BBA in Finance and also an MBA | Former |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Vice President for Corporate Marketing | Current |
| Corporate Marketing, Inc. | Vice President for Corporate Marketing | Former |
| Principal International, Inc. | Director of Direct Marketing | Former |
| Principal Financial Group, Inc. | Director of Direct Marketing | Former |
| Aetna Inc. | Former | |
| CIGNA Corporation | Former | |
| University of Miami | M.B.A In International Business | Former |
| Texas Christian University | Bachelor's Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Field Vice President, International Sales | Current |
| Pan-American Life Insurance Company | Director, International Sales | Former |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Vice President, Individual Sales, US | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Vice President, Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Second Vice President, Individual Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Vice President, Intl Operations | Current |
| American Express Company | Vice President of International Finance | Former |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Reg Vice President, Institutional Sales & US Retail Dev | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Vice President, Sales, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | General Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Associate General Counsel | Current |
| University of Virginia | J.D. | Former |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Compliance Analyst | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Compliance Analyst | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Illustration Software Developer | Current |
| Organization | Position | Status |
|---|---|---|
| Pan-American Life Insurance Company | Sales Support Coordinator | Current |
| Organization | Position | Status |
|---|---|---|
| Goodrich Petroleum Corporation | Manager | Current |
| Goodrich Petroleum Corporation | Chairman | Current |
| Pan-American Life Insurance Company | Director | Current |
| Goodrich Petroleum Corporation | Vice President, Corp Planning & Business Development | Former |
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