28 Aug 2017
Pan-American Life Insurance Group Celebrates 105 Years In Panama
Group Board of Directors Holds First Meeting Outside of the United States
Panama, August 15, 2017- Pan-American Life Insurance Group (PALIG), a leading provider of insurance and financial services, celebrated the 105th anniversary of its subsidiary in Panama earlier this month. As part of the celebrations, the Group’s the Board of Directors held its first-ever meeting outside of the United States in Panama City.
“For 105 years, Panamanian businesses and families have placed their confidence in Pan-American Life , allowing us to help them protect what matters most: their families, businesses and futures,” said José S. Suquet, Chairman of the Board of Directors, President and CEO of Pan-American Life. “Our operations in Panama are highly strategic. We have been able to grow our business locally over the last 105 years, making Panama one of our most successful international operations. In addition, Panama serves as the hub for our other international operations, providing support to markets across Latin America and the Caribbean.”
In 2016, PALIG’s business in Panama generated $120 million in premium across personal and multinational lines of business, further cementing the company’s position as the leading life and health insurance provider in Panama.
From Panama, the company operates the Panamanian market with 320 local and regional partners which are part of the team of 1,850 employees worldwide.
“The celebration of our 105 year legacy in Panama is great motivation for everyone involved with PALIG - from the 320 employees that are based here, to our distribution network, and leadership teams across the organization,” said José Antonio Eleta, General Manager of Pan-American Life Insurance of Panama. “We’re all looking forward to the next 105 years and the value that we will continue to add to our policyholders and strategic partners.”
About Pan-American Life Insurance Group
Pan-American Life Insurance Group is a leading provider of insurance and financial services throughout the Americas that has been delivering trusted financial services since 1911. The New Orleans-based Group is comprised of more than twenty member companies, employs more than 1,950 worldwide and offers top-rated individual and/or group life, accident and health insurance, employee benefits and financial services in 49 states, the District of Columbia (DC), Puerto Rico, the U.S. Virgin Islands, and throughout Latin America and the Caribbean. The Group has branches and affiliates in Costa Rica, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Panama, and 13 Caribbean markets, including Barbados, Cayman Islands, Curacao and Trinidad and Tobago. For more information, visit the Pan-American Life Web site at palig.com, like us on Facebook @PanAmericanLife, follow us on Twitter @PanAmericanLife, and connect with us on LinkedIn at Pan-American Life Insurance Group.