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Biographies

José S. Suquet, Chairman of the Board, President and CEO

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.

Carlos F. Mickan, Executive Vice President and Chief Financial Officer

Mr. Mickan oversees all financial operations and has more than 25 years of experience in Latin American and Asian markets and financial activities. Prior to joining Pan-American, Mr. Mickan served as senior vice president and CFO of Principal International Inc., the International Division of Principal Financial Group, where he managed financial relationships and activities across Latin America and Asia. Mr. Mickan was instrumental in Principal Financial’s transition from a mutual insurance company to a stock company while contributing his financial acumen to significantly improve performance in the firm's International Division.

As the leader of the international mergers and acquisitions program during his five years at Principal International, assets under management grew from $1 billion to $10 billion. Before joining Principal in 1999, Mr. Mickan held positions with Aetna International in Hartford, CT as Vice President and Chief Planning Officer for 12 international subsidiaries and also served as country officer/liaison for the Venezuela joint venture. Also, he served as chief financial officer for Cigna Latin America and assistant treasurer for CIGNA Worldwide. Mr. Mickan's international experience and exposure, and expertise in the Latin American markets are an integral part of Pan-American Life's strategy. Additionally, he has assisted in the development of numerous successful acquisitions and joint ventures in Latin America.

Mr. Mickan joined the Pan-American Life board of directors in August 2014. In addition, he presently serves as member of the Board of Directors of the New Orleans Ballet Association and Louisiana Appleseed.

Born in Colombia, he is an alumnus of the Universidad de los Andes, Bogotá, Colombia, with a bachelor’s degree of science in business administration and received an M.B.A in international business from the University of South Carolina.

Michael Carricarte, Senior Vice President - International Major Medical Insurance

Mr. Carricarte is an industry veteran with more than 20 years of experience in the medical insurance field in Latin America and the Caribbean. In his role as Senior Vice President of Pan-American Life Insurance Group and President of Pan-American Private Client - International Major Medical Insurance, Mr. Carricarte leads the Pan-American Private Client office in Miami, where Pan-American Life and its affiliates offer international high net worth clients, access to International Major Medical insurance with the highest levels of service and first class health benefits.

Previously, Mr. Carricarte cofounded and became President of AMEDEX and later USA Medical Services, which grew to become the leading provider of major medical insurance for individuals in Latin America and the Caribbean. After selling his company to BUPA International, he led the organization in becoming the largest provider of insurance products and services in Latin America and the Caribbean, insuring and servicing over 1,000,000 high net worth individuals in 42 countries and generating over $300 million in major medical premium.

Mr. Carricarte is a native of Miami, Florida and graduate of the Harvard Business School Owner/President Management Program.

Robert DiCianni, Senior Vice President - International

Robert DiCianni oversees all the operations where Pan-American Life has a presence in the Caribbean and Latin America: Guatemala, El Salvador, Honduras, Panama, Ecuador, Colombia, Costa Rica, and Mexico. Mr. DiCianni is responsible for driving growth in the corporation through the design and implementation of strategies and policies pertaining to sales, operations, and human resources. Mr. DiCianni has over 25 years of experience in the insurance industry, almost 20 years of which have been focused in Latin America and the Caribbean.

He has extensive experience in local, regional, and home office roles. He has been a CEO of insurance companies in three different countries in Central and South America and Mexico, with diverse experiences ranging from starting a green field operation to successfully managing a turnaround situation.

Prior to joining Pan-American Life, Mr. DiCianni served as Vice President with MetLife International, managing MetLife’s corporate business throughout Latin America and the Caribbean. Prior to joining MetLife, Mr. DiCianni was with Alico/AIG for over 20 years, where he had a track record of consistently delivering profitable growth. He had extensive experience in group underwriting, TCN/Expatriate business, and Multinational Pooling before concentrating in the Latin America region. Mr. DiCianni began his career as a Group Underwriter with Prudential. He holds a Bachelor of Business Administration from the University of Notre Dame and is a Fellow of the Life Management Institute.

John Foley, Senior Vice President - Domestic Markets

Mr. Foley provides leadership and oversees all areas within Special Markets, US Hispanic, Pan-American Benefits Solutions and the Puerto Rico health business. He also supervises the development of products and business relationships to ensure growth and profitability consistent with the company’s business objectives and strategies in these areas.

Mr. Foley brings more than 20 years of experience from the insurance industry. Most recently, he served as Senior Vice President of Berkshire Life Insurance, a wholly owned stock subsidiary of The Guardian Life Insurance, overseeing operations and information technology, including underwriting, new business administration, claims, and client services.

Prior to working for Berkshire Life Insurance he was the Vice President of The Guardian Life Insurance’s Group Dental and Vision where he was responsible for managing the product development, actuarial review, financial management and promotion to field.

As a community leader Mr. Foley actively contributes to numerous organizations such as National Association of Dental Plans NADP (board chair 2007-2008 and treasurer in 2006), United Way, Berkshire County Co-Chair for the 2007-2008 campaign and American Heart Association Chair 2014.

Mr. Foley earned Executive M.B.A with honors from the Northeastern University.

Patrick Fraizer, Senior Vice President - Human Resources and General Counsel

Mr. Fraizer brings to Pan-American’s senior executive team more than 24 years of legal, accounting, mergers/acquisitions experience in the financial services industry and specialization in joint ventures. Prior to joining Pan-American Life, Mr. Fraizer served as vice president and senior international counsel for the Principal Financial Group with responsibility for the firm’s legal services outside of the United States.

During his tenure at Principal, he also served as a general auditor and chief compliance officer for the Group and as general counsel for its international division.

Mr. Fraizer also worked as a tax specialist with Peat, Marwick, Mitchell & Co. He is a certified public accountant and a member of the American Bar Association, the American Institute of Certified Public Accountants, the Association of Life Insurance Counsel, the Louisiana State Bar Association, the Iowa State Bar Association and the Iowa Society of Certified Public Accountants.

He graduated with a bachelor’s degree of business administration in accounting and a J.D. with distinction from the University of Iowa.

Bruce Parker, Senior Vice President - Global Life Insurance

Mr. Parker is responsible for all Individual Life insurance business in Latin America and the Caribbean and leads as Chairman of Pan-American International Insurance Corporation (PAIIC) and Pan-American Assurance Company International, Inc. (PAACII) – PALIG’s Private Client Life businesses; and developing the Life strategy for the U.S. Hispanic market.

Mr. Parker is the former President, CEO and Chairman of Old Mutual US Life and held leadership responsibilities for several of its subsidiaries. As head of Old Mutual US Life, he oversaw $19.3 billion in assets. Most notably, his leadership of the retail business strategy development raised the brand visibility and extended the company’s domestic market reach. Mr. Parker was responsible for the strategic direction on the affluent and mass market Baby Boomer population, the U.S. Hispanic market and the affluent international markets, growing revenues from $5 billion to more than $8.2 billion in two years.

Prior to Old Mutual, Mr. Parker was Senior Vice President of Distribution for Jefferson Pilot Financial, where he led the design and implementation of their Premier Partner Strategy, growing revenue by 50 percent in three years working with independent agents and marketing organizations.

Mr. Parker earned a BA in Economics from the State University of New York at Oswego and a MS in Management from The American College. He also holds a Leadership Certificate from Cornell University. Mr. Parker is a former Board member of LIMRA International, former Trustee of The American College Bryn Mawr in Pennsylvania and former Trustee of Mt. Pisgah Christian School in Johns Creek, Georgia.

Felix Martinez, Senior Vice President - Private Client Life Sales

Mr. Martinez is responsible for developing our Private Client Life sales through our independent distribution channels authorized to offer our Life products. With more than 40 years of practice, his efforts are focused on developing the U.S. Foreign National Life business 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 in business administration from Universidad Interamericana de Puerto Rico.

Scott Reitan, Senior Vice President - Administration and Information Technology

Mr. Reitan oversees all of Pan-American Life’s corporate administration and information technology including global system solutions, technology, facilities, business continuity and corporate governance. Additionally, he heads the IT Governance Council and Operations Council. For 18 months prior to his appointment, Mr. Reitan had been engaged with Pan-American Life as a consultant guiding the company through a series of strategic initiatives, including the initial transition efforts to the Sarbanes-Oxley (SOX) compliance model.

Mr. Reitan’s career began as an auditor with Ernst & Whinney, transitioning in the late 1980’s to a leadership role with First Bank System. In the mid 1990’s he established an independent consulting practice focused on profitability measurement, business intelligence and acquisition integration. In the late 1990’s Mr. Reitan joined Treasury Services Corporation and subsequently Oracle Corporation as Vice President of Financial Services Strategy. Most recently, Mr. Reitan founded and served as Partner and President of Parkfield Group, a consulting firm focused on financial management, process improvement, corporate governance, SOX compliance, enterprise risk management and business continuity planning.

Mr. Reitan earned a B.S.B. in Accounting from the University of Minnesota and is a CPA.

Rodolfo J. “Rudy” Revuelta, CFA, Senior Vice President and Chief Investment Officer

Rodolfo J. “Rudy” Revuelta is responsible for the investment portfolios of Pan-American Life Insurance Group. 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. He is a member and past chairman of the Investment Committee of the United Way for the Greater New Orleans Area and past president of the Financial Analysts of New Orleans.

Mr. Revuelta received a bachelor’s degree of science in business administration and M.B.A from the University of Florida. He earned his chartered financial analyst (CFA) designation in 1980 and is a member of the CFA Institute, formerly AIMR.

Selig Ehrlich, Chief Actuary and Risk Officer

Mr. Selig Ehrlich serves as the Chief Actuary and Risk Officer for Pan-American Life Insurance Group. In his 35 year operating and consulting career, Mr. Ehrlich has gained a reputation as a leader and subject matter expert in the areas of financial reporting and analysis, product design/pricing, risk management, mergers & acquisitions, valuation, and reinsurance. Mr. Ehrlich was Executive Vice President and Chief Actuary of AXA/Equitable and a member of the Executive Management Committee.

While there (1999-2003), he led the valuation and projection unit through a period of extensive change, building and communicating new risk assessment analysis (eg. Embedded Value and Economic Capital) in response to the significant changes in equity volatility. In addition, he oversaw the successful redesign, re-pricing, and implementation of much of the retail life insurance and variable annuity portfolio (including the restructuring of underwriting and reinsurance) and led the divestiture effort of their disability income business while managing the remaining health business back to break even profitability.

While at Travelers Insurance (1994-1999), Mr. Ehrlich played a major role in numerous transactions (divestiture of Group Life and Health businesses; acquisition and integration of Aetna P&C) and was instrumental in returning the Life companies to profitability and strength through the disciplined re-pricing of in-force and new business, based on analysis of the marketplace, emerging experience and financial results. As Chief Actuary and CFO of the Individual and Group Annuity business units, he significantly revamped their product portfolios, to enable distribution expansion to multiple new proprietary and non-proprietary channels - leading to billions of dollars in profitable new annual sales.

Earlier in his career, Mr. Ehrlich was a consultant at Coopers and Lybrand (1990-1994), where he had multiple audit and consulting clients (eg. Travelers, AIG, Mass Mutual, MONY) and worked on such high profile restructuring projects as the rehabilitation of Mutual Benefit Life and Executive Life. Prior to consulting, Selig began his career at the Equitable (1980), where he progressed from actuarial trainee to VP & Chief Planning Officer through a series of rotational assignments in various product, financial and investment departments.

Mr. Ehrlich is a graduate of New York University’s College of Business and Public Administration, with degrees in actuarial science and finance. He is a Fellow of the Society of Actuaries (FSA ‘84) and a Member of the American Academy of Actuaries (MAAA ‘87).

Carlos Aldana, Vice President - Corporate Development

Mr. Aldana is responsible for the Corporate Development and Capital Management functions at Pan-American Life. These areas include organic growth initiatives, mergers & acquisitions and financing alternatives.

Mr. Aldana joined Pan-American Life in 2012. Prior to joining Pan-American Life he was a Director in the Financial Institutions Investment Banking Group at Merrill Lynch where he worked for 8 years and was responsible for origination and execution of merger & acquisitions and capital markets transactions. Some notable transactions during this time include the reorganization and re-IPO of AIG in 2010-2011, the IPO and subsequent capital market transactions of Verisk Analytics, the sale of Philadelphia Insurance Consolidated, First Mercury, Ohio Casualty and Rosemont Re and a multitude of capital raising transactions for Hartford Financial, Protective Insurance, Lincoln Financial, StanCorp, Pacific Life and State Farm among many others.

Mr. Aldana is a Systems Engineer and prior to his career in the insurance industry he worked in the design, build and implementation of machinery control systems for the defense, aerospace, automotive and manufacturing industry. Earlier in his career, Mr. Aldana was also a member of the team responsible for the ISO-9001/2 certification of a 3M and an Allied Signal plant in Mexico and worked in several Business Process Reengineering efforts at small to mid-size manufacturing companies.

Mr. Aldana received a Bachelor of Science in Industrial and Systems Engineering from Tecnologico de Monterrey in Mexico, a Master of Sciences in Manufacturing Systems Engineering from General Motors Institute and an MBA from University of Chicago Graduate School of Business.

Marta Reeves, Vice President - Corporate Marketing

As vice president for corporate marketing, Marta Reeves leads Pan-American Life's marketing operations, maintaining and strengthening communications and sales-support to its network of domestic and international insurance agencies, agents, policyholders and the public.

Previously, Ms. Reeves worked at Principal International, a unit of Principal Financial Group, as director of direct marketing where she was responsible for strategic planning and development of corporate growth initiatives in Latin America, Asia and the U.S. Hispanic market. Her prior insurance industry experience includes executive-level positions in international insurance marketing with CIGNA and Aetna throughout Latin America and the Caribbean.

She has extensive experience in direct marketing, policyholder communication and loyalty programs, call center management and marketing support of distribution partners.

Born in the United States, Ms. Reeves grew up in the Dominican Republic, Panama, Venezuela and Argentina. Ms. Reeves earned her bachelor's degree of science in marketing from Texas Christian University in Fort Worth, Texas, and holds an M.B.A in international business from the University of Miami.

Bryan P. Scofield, Vice President - Human Resources

Mr. Scofield is responsible for all Human Resources strategy and administration for Pan-American Life operations in the United States, Puerto Rico, Latin America and the Caribbean. He first began his career in Human Resources in 1991 as Benefits and Compensation Analyst at First Commerce Corporation in New Orleans. Today, he possesses over 22 years of experience as a Human Resources professional.

Prior to joining Pan-American Life, Mr. Scofield held the position of Director of Benefits and Compensation at Hancock Bank in Gulfport, Mississippi where his responsibilities included managing the administration of all health and welfare plans, ensuring compliance with regulatory agency guidelines and laws and conducting executive compensation analysis. Mr. Scofield is a member of the American Compensation Association as well of The Society of Human Resources Management (SHRM). He also holds the position of Board Secretary on the Junior Achievement of Greater New Orleans Board of Governors.

He holds a Bachelor of Arts from the University of New Orleans and holds a certificate of Certified Compensation Professional (CCP).

Eugenio Magdalena, Executive Vice President - International Markets Emeritus

Mr. Magdalena oversaw all of the operations where Pan-American Life has a presence in Latin America; Guatemala, El Salvador, Honduras, Panama, Colombia and Ecuador, including the International Dollar and Mass Marketing business areas. Mr. Magdalena was responsible for driving growth in the corporation through the design and implementation of strategies and policies pertaining to sales, operations and human resources. Born in Asturias, Spain, Mr. Magdalena has more than 23 years of experience managing general insurances operations for Life, Accident and Health insurance in Latin America, the U.S. and Europe.

Until the beginning of 2008, Mr. Magdalena served as the lead country executive for Assurant Solutions Group in Madrid, Spain. Prior to this, Mr. Magdalena had a successful career at CIGNA that spanned from 1986 to 2003, where he held several senior management roles in Latin America among them, Brazil, Argentina, Chile and Colombia, in addition to acting in two different occasions as the regional executive for Life, Accident and Health, from the company’s regional office in Miami.

His last project with CIGNA was the creation of a new unit in Miami, which offered Life, Accident and Health products through Mass Marketing, covering all of Central America and the Caribbean, and Venezuela, Peru, Ecuador and Colombia via affinity groups and financial institutions, and local fronting arrangements. As a result, Mr. Magdalena developed a thorough understanding of Latin America, now available to the company.

Mr. Magdalena earned a degree in Economics at the Catholic University Andrés Bello in Caracas, Venezuela, and post graduate degree in Marketing from Strathclyde University in Glasgow, Scotland and an M.B.A. from Cranfield School of Management in Cranfield, England.

© 2014 Pan-American Life Insurance Group. All Rights Reserved.

© 2014 Pan-American Life Insurance Group. All Rights Reserved.