José S. Suquet is chairman of the board, president and CEO of Pan-American Life Insurance Group, a leading provider of insurance and financial services throughout the Americas. The Group’s flagship member is New Orleans-based Pan-American Life Insurance Company, which has been delivering trusted financial security since 1911.
Since his arrival, Mr. Suquet’s leadership, commitment and foundation of change have paved the way for growth and success. Shortly after joining the company in November 2004 as President and CEO, he led Pan-American Life through the devastation and survival of Hurricane Katrina in August 2005, with an emergency recovery plan that would later become an industry case study in disaster recovery. Mr. Suquet began to strengthen the senior management team, adding international industry experience, while restructuring the Group’s operations and heightening the focus on core areas of business growth opportunity in life and health insurance. This included building a strong culture of Enterprise Risk Management to further stabilize the company’s operational model. In the last several years, his commitment to the U.S. Hispanic community, product innovation and sales force expansion has better positioned the company as the one Hispanics throughout the Americas rely on to protect their financial security and well-being. In January of 2008 Mr. Suquet was appointed as Chairman of the Board.
In 2009, as the country entered an unprecedented economic period, the company achieved record revenue growth and operating earnings, which increased its total capital to an all-time high; and in 2010, A.M. Best upgraded the company's excellent "Financial Strength Rating" from "A-" to "A" and Fitch Ratings reaffirmed "A" rating with a stable outlook. Further establishing the company as a leading insurance carrier in the Americas, under Mr. Suquet’s leadership, in 2012 PALIG acquired approximately $675 million in MetLife Alico/Algico assets across 15 countries in Central America and the Caribbean. This transaction expanded Pan-American Life Insurance Group’s size and extends its geographic footprint, while reinforcing its commitment to serving customers throughout the Americas.
Previously, Mr. Suquet held senior management posts in the insurance industry for more than three decades, including serving as senior executive vice president and chief distribution officer of AXA Financial. During his six-year tenure at corporate headquarters, sales increased from $5.5 billion to more than $13 billion.
Mr. Suquet 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. 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. During his time in South Florida, Mr. Suquet was prominent in Miami civic and business affairs, including as chairman-elect of the Beacon Council, as a trustee of Florida International University Foundation and a trustee of Baptist Hospital Foundation. Additionally, while in South Florida, his general agency – The Suquet Agency – was among the sales and marketing leaders of The Equitable. Under his management, The Suquet Agency was awarded Equitable President's Trophy for eight consecutive years.
Mr. Suquet is a member of the Board of Directors of the Federal Reserve Bank of Atlanta and serves as Chairman of Retail Payments Office Oversight Committee. Previously, he was on the Board of Directors for the Federal Reserve Bank of Atlanta, New Orleans Branch. He is past chairman on the board of trustees of the United Way of the Greater New Orleans Area and was the chairman of the United Way campaign for 2008. Mr. Suquet is a board member of the Ochsner Health System and serves on their audit and oversight committee. Mr. Suquet was born in Cuba and graduated from Fordham University (New York) with a Bachelor of Science and holds an M.B.A. from the University of Miami.