NEW ORLEANS, October 28, 2021--(BUSINESS WIRE)--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.
Pan-American Life Insurance Group is a leading provider of life, accident and health insurance throughout the Americas that has been delivering trusted financial security 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 Web site at palig.com, follow us on Twitter @PanAmericanLife, and connect with us on LinkedIn at Pan-American Life Insurance Group.
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Marta C. Reeves
Pan-American Life Insurance Group