NEW ORLEANS, Dec. 2 /PRNewswire/ -- Pan-American Life Insurance Group (PALIG), a leading provider of insurance and financial services, announced today the appointment of Bruce Parker as Senior Vice President Global Life Insurance.

Reporting to Chairman, President and CEO, Jose S. Suquet, Parker will be responsible for all Individual Life insurance business in Latin America; will lead as Chairman of Pan-American International Insurance Corporation (PAIIC) and Pan-American Assurance Company International, Inc. (PAACII) - PALIG's International Dollar businesses; and developing the Life strategy for the U.S. Hispanic market. Additionally, he will be a member of both the Executive Management and Senior Management Committees.

"With a proven record of success in senior leadership positions demanding effective business strategies and market-focus, Bruce is the perfect choice to drive our Life business," said Suquet. "I look forward to working with Bruce to strengthen our Life brand in Latin America and to enhance our U.S. Hispanic Life strategy, while exploring opportunities for new ventures and new markets."

Parker is the former President, CEO and Chairman of Old Mutual US Life and held leadership responsibilities for several of its subsidiaries. As head of Old Mutual US Life, he oversaw $19.3 billion in assets. Most notably, his leadership of the retail business strategy development raised the brand visibility and extended the company's domestic market reach. Parker was responsible for the strategic direction on the affluent and mass market Baby Boomer population, the U.S. Hispanic market and the affluent international markets, growing revenues from $5 billion to more than $8.2 billion in two years.

Prior to Old Mutual, Parker was Senior Vice President of Distribution for Jefferson Pilot Financial, where he led the design and implementation of their Premier Partner Strategy, growing revenue by 50 percent in three years working with independent agents and marketing organizations.

Parker earned a BA in Economics from the State University of New York at Oswego and a MS in Management from The American College. He also holds a Leadership Certificate from Cornell University. Parker is a former Board member of LIMRA International, current Trustee of The American College Bryn Mawr in Pennsylvania and current Trustee of Mt. Pisgah Christian School in Johns Creek, Georgia. Parker will be relocating to New Orleans, LA.

About Pan-American Life Insurance Group

The Pan-American Life Insurance Group is a leading provider of insurance and financial services serving nearly half a million customers throughout the Americas. New Orleans-based Pan-American Life Insurance Company, the Group's flagship insurance company member, has been in business since 1911, employing more than 700 worldwide, providing top-rated life and health insurance, worksite benefits and financial services in 47 states, the District of Columbia (DC) and Puerto Rico. Its international operations, offering individual and group life and health insurance throughout Latin America, includes affiliates in Panama, Guatemala, Cayman Islands and Colombia, and branch offices in Ecuador, El Salvador and Honduras. For more information, visit the Pan-American Life Web site at www.panamericanlife.com

SOURCE Pan-American Life Insurance Company

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