News & Insights

6 Jun 2024

Pan-American Life Welcomes Leopoldo Báez as New Country Manager of Ecuador

Quito, Ecuador, June 6, 2024 - Pan-American Life, a leading Life, Health and Accident insurance provider with 68 years of presence in Ecuador, formally announced the incorporation of Leopoldo Báez as the new Country Manager and Legal Representative of its operations in Ecuador.

Leopoldo has begun his new responsibilities as Country Manager, effective May 20th, 2024. He holds a Bachelor's degree in Business Administration and International Business from Georgetown-Washington University and a Master's degree in Accounting and Finance from the London School of Economics and Political Science in London.

With a career of more than 15 years of experience in the insurance market, Leopoldo has served in different executive positions in insurance companies, adding to his management responsibilities of leadership, strategic planning, operations and commercial relations, his last role being that of Country Manager at BUPA-Ecuador, for more than 10 years; and prior to this position, he stood out as Sales Manager at Humana-Ecuador. 

"We are pleased to welcome Leopoldo as the leader of our operation in Ecuador, his addition to Pan-American Life will drive the company's sales expansion and operational and digital transformation, reaffirming our commitment to continue evolving to meet the needs of the market, our policyholders, strategic partners, medical providers and employees," said Daniel Costello, Executive Vice President - International Markets.

The penetration in the different lines of business of life, health and personal accidents will be of great importance in the plans for 2024 in Ecuador. As well as expansion to different segments of the population, from individuals and families to small, medium-sized enterprises and multinationals.

The positioning established in the Ecuadorian market since 1956, together with the financial strength of Pan-American Life, have been distinguished for 6 consecutive years with a 'AAA' Stable Outlook rating, granted by the risk rating agency BankWatch Ratings S.A. This local rating supports the financial strength that allows us to be there when our customers need us most.

*Pending approval by the Superintendence of Companies and Securities.

About Pan-American Life Insurance Group

Pan-American Life Insurance Group (PALIG), a leading provider of life, accident and health insurance throughout the Americas, 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 affiliates and branches 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.comfollow us on Facebook @PanAmericanLifeTwitter @PanAmericanLifeInstagram @panamericanlife.latam, and connect with us on LinkedIn at Pan-American Life Insurance Group.