News & Insights

17 Oct 2022

Pan-American Life Insurance Group Commemorates 10-Year Anniversary in the Caribbean

PORT OF SPAIN, TRINIDAD – October 17, 2022 – This year marks Pan-American Life Insurance Group’s (PALIG) 10-year anniversary in the Caribbean region, where the company has expanded its presence in 13 Caribbean countries with 23 agencies in 18 locations.

PALIG celebrated its 10-year anniversary at the Hyatt Regency Hotel in Port of Spain on October 10, 2022, at a The Best is Yet to Come themed event, and a visit from Chairman of the Board and CEO José S. Suquet.

“This is a remarkable milestone,” said José S. Suquet. “Led by Greer Quan, CEO of the Caribbean, our dynamic and vibrant Caribbean team have contributed to the Group’s growth and profitability.”

Pan-American Life is one of the top Individual Life insurance providers in 13 Caribbean countries and among the top 5 in the region for Corporate Business.

In the Caribbean, PALIG is supported by 238 dedicated employees with robust industry experience across the region and a network of 435 agents/brokers steered by a strong Management team.

PALIG’s Caribbean’s individual life and group business sales have seen tremendous growth between 2012 and 2022, with growth rates of 131% and 99% for individual life and group business respectively, making the region a significant contributor to the Gross Written Premium and Earnings of PALIG’s international and global operations.

“The group's reputation as a leading provider of employee benefits and wellness solutions for local, regional and multinational businesses continues to improve through consistent commitment to product innovation, operational improvements and world-class service,” said Quan. “Improving the lives and well-being of our policyholders are at the forefront of what we do. As we embark on this next decade and the decades to follow, we remain Focused on What Matters: serving our customers and building a team of benchmark setters within the industry. We look ahead with the promise of growth, enhanced services, and community initiatives.”

About Pan-American Life Insurance Group

Pan-American Life Insurance Group (PALIG), a leading provider of life, accident and health insurance 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 2,100 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 website 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.