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Pan‑American Life Insurance Group Announces Retirement of Carlos Mickan, Vice Chairman of the Board and Head of Finance and Administration, and Forthcoming Organizational Changes
Corporate
October 28, 2021
Estimated Reading Time: 2m
NEW ORLEANS, LA – October 28, 2021 – Pan‑American Life Insurance Group (PALIG), a leading provider of life, accident and health insurance throughout the Americas, today announced forthcoming changes to the company’s executive leadership team and organizational structure.
Carlos Mickan, Vice Chairman of the Board, Head of Finance and Administration will be retiring from his role at the close of 2021 after many years of distinguished service. However, he will remain on the PALIG Board as a Director. Carlos has played a vital role in the company’s transformation and has been the internal engine that has enabled, strategically and operationally, the seamless support of all external initiatives.
“Carlos’ deep understanding of our business and steady financial stewardship has been instrumental in strengthening PALIG’s reputation as a financially strong company, suited to meeting the needs of our customers across the Americas,” said José S. Suquet, Chairman of the Board, President and CEO of PALIG.
In his role, Mickan and the executive leadership team established a new strategic direction for PALIG, developed an efficient operating platform and executed the company’s business continuity plans. Over the course of 16 years, PALIG’s profits increased from break‑even to $100 million annually and revenue grew by more than 250%. Mickan managed several significant M&A transactions that contributed to an increase in the company’s asset base from $2 billion to $6 billion. Mickan’s legacy also encompasses structuring work related to environmental, social and governance (ESG) policies, enterprise risk management (ERM) and business continuity planning.
“From creating the Mutual Holding Company and guiding PALIG’s acquisitions, to growing PALIG from eight countries to 22, his leadership, partnership and vital contributions to our growth have been truly invaluable,” Suquet continued. “We look forward to Carlos’ continued guidance on our Board.”
Furthermore, effective January 1, 2022, José S. Suquet will be relinquishing his role as President. However, he will continue to serve in his capacity as Chairman of the Board and CEO, and PALIG will transition to having three Presidents in leadership positions, Robert DiCianni, President Global Benefits; Bruce Parker, President Global Life; and Steve Friedman, President Finance and Investments, propelling PALIG’s corporate strategy and initiatives moving forward.
ABOUT PAN‑AMERICAN LIFE INSURANCE GROUP (PALIG)
Pan‑American Life Insurance Group (PALIG) is a leading provider of life, accident, and health insurance, serving more than 7.3 million customers across the United States, Latin America, and the Caribbean. Founded in 1911 and headquartered in New Orleans, Louisiana, PALIG operates through over 30 member companies and 2,200 employees with a presence in 22 countries. Backed by a Financial Strength Rating of A (Strong) from Fitch Ratings and A (Excellent) from AM Best, PALIG offers top‑rated individual and group insurance products, along with employee benefits designed to support lifelong well‑being. Guided by a purpose — to be there when people need us most — PALIG is committed to delivering both financial protection and benefits solutions. Learn more about how they are people you can trust for life at palig.com.
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