June 23, 2017 6:14 AM ET

Insurance

Company Overview of Pan-American Life Insurance Group, Inc.

Company Overview

Pan-American Life Insurance Group, Inc. provides individual and/or group life, accident, and health insurance; employee benefits; and financial services for local and multi-national companies, as well as individuals seeking financial security in the United States, Latin America, and the Caribbean. The company was founded in 1911 and is based in New Orleans, Louisiana with branches and affiliates in Costa Rica, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Panama, Barbados, the Cayman Islands, Curacao, and Trinidad and Tobago. Pan-American Life Insurance Group, Inc. operates as a subsidiary of Pan-American Life Mutual Holding Company.

601 Poydras Street

New Orleans, LA 70130

United States

Founded in 1911

Phone:

504-566-3554

Fax:

504-566-3950

Key Executives for Pan-American Life Insurance Group, Inc.

Chairman, Chief Executive Officer and President
Age: 60
Vice Chairman, Chief Financial Officer and Executive Vice President
Senior Vice President of International Business Technology and Operations
Chief Executive Officer of Caribbean and Managing Director of Caribbean
President of U.S. Group Business
Compensation as of Fiscal Year 2016.

Pan-American Life Insurance Group, Inc. Key Developments

Pan-American Life Insurance Group Appoints Anurang Revri as Vice President of Applications Development and Architecture

Pan-American Life Insurance Group announced that Anurang Revri is joining the Group as Vice President of Applications Development and Architecture. His recruitment to the newly created position reflects Pan-American Life’s intention to continue making transformational investments into its IT infrastructure. Mr. Revri, who has served as trusted technology advisor to leadership at a number of Fortune 500 companies, has more than 25 years of experience in customer focused transformation of businesses and an especially strong background in IT strategy; organization design and restructure; enterprise architecture; large complex program delivery; sourcing strategy; applications management.

Pan-American Life Insurance Group Announces Financial Results for the Full Year Ended December 31, 2016

Pan-American Life Insurance Group announced financial results for the full year ended December 31, 2016. For the year, the company saw revenue and total premium exceed $1 billion. This reflects a 25.7% increase in revenue and a 17 % increase in total premium. GAAP pre-tax operating earnings increased by 32.9% compared with 2015 to total $72.1 million. Net income for 2016 increased 38% to $48.9 million, as compared to $35.3 million the year before.

Pan-American Life Insurance Group Appoints Daniel Costello as Senior Vice President – International Country Management

Pan-American Life Insurance Group announced that Daniel Costello is joining the Group as Senior Vice President – International Country Management. In this capacity, Mr. Costello will have direct oversight for all of Pan-American Life’s operations in Latin America. He will also join the company’s Executive Management Committee. Mr. Costello most recently, he served as President and CEO of AIA International – Kore.

Similar Private Companies By Industry

Company Name Region
1st Atlantic Surety Company United States
212 Capital Group, LLC United States
21st Century Life and Health Company, Inc. United States
3 Mark Financial, Inc. United States
534 Las Americas, LLC United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 13, 2017
Lone Star National Insurance Company
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Pan-American Life Insurance Group, Inc., please visit www.palig.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.