Pan-American Life Insurance Group Appoints EVP, CFO Carlos F. Mickan to the Group’s Board of Directors

NEW ORLEANS--()--Pan-American Life Insurance Group (PALIG), a leading provider of insurance and financial services throughout the Americas, announced today the appointment of Carlos F. Mickan to the company’s Board of Directors.

Mr. Mickan currently oversees all financial operations as the Executive Vice President and Chief Financial Officer of Pan-American Life and will continue in that role. With more than 25 years of financial leadership experience in Latin-American and Asian markets, Mr. Mickan has been a member of the senior management team at Pan-American Life since June 2005.

“Carlos has been a trusted partner to me and the Pan-American Life team. His expertise has served a key role in the company’s growth and stability, strengthening our leadership position in the Americas, as we have built the company from $288 million in premium and a loss of $25 million in earnings in 2005, to a projected $745 million in premiums and $63 million in earnings in 2014,” said José S. Suquet, Chairman of the Board, President and CEO of Pan-American Life Insurance Group. “Throughout his tenure with the organization, Carlos has restructured the financial area, including GAAP financials, risk management and internal controls, while also lending his financial expertise as a vital contributor to the acquisition of the Costa Rica, Panama, and Caribbean operations of MetLife/Alico. We are very pleased to welcome Carlos to our board of directors and look forward to his continued contributions.”

Prior to joining Pan-American Life, 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. Born in Colombia, he is an alumnus of the Universidad de los Andes, Bogotá, Colombia, with a bachelor’s degree in business administration. He also earned an M.B.A in international business from the University of South Carolina.

About Pan-American Life

The Pan-American Life Insurance Group is a leading provider of insurance and financial services throughout the Americas. New Orleans-based Pan-American Life Insurance Company, the Group's flagship member, has been delivering trusted financial services since 1911, employing more than 1,400 worldwide, providing top-rated life and health insurance, employee benefits and financial services in 47 states, the District of Columbia (DC), Puerto Rico, and the U.S. Virgin Islands. The Group’s member companies offer individual and/or group life, accident and health insurance throughout Latin America and the Caribbean. The Group has branches and affiliates in Costa Rica, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Panama, and 15 Caribbean markets, including Barbados, Cayman Islands, Curacao and Trinidad and Tobago. For more information, visit the Pan-American Life Web site at palig.com.

Contacts

Pan-American Life Insurance Group
Marta Reeves, 504-566-3112
MReeves@palig.com
or
Fleishman-Hillard
Isabel Abislaiman, 305-520-9017
isabel.abislaiman@fleishman.com

Carlos F. Mickan, EVP, CFO of Pan-American Life, has been appointed to the Pan-American Life Insurance Group Board. (Photo: Business Wire)

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Contacts

Pan-American Life Insurance Group
Marta Reeves, 504-566-3112
MReeves@palig.com
or
Fleishman-Hillard
Isabel Abislaiman, 305-520-9017
isabel.abislaiman@fleishman.com