Pan-American Life Insurance Group Names Two New Board Members

USA - English

• Latin America - español

NEW ORLEANS, Feb. 26, 2013 /PRNewswire/ -- Today, Pan-American Life Insurance Group (PALIG), a leading provider of insurance and financial services throughout the Americas, announced the appointments of Jerry Carlisle and Wendell Mottley to the company's Board of Directors.

Jerry Carlisle is a financial consultant for the insurance and oil and gas industries, as well as the public sector.  He is an adjunct professor in the College of Business at Tulane University, and previously served as Deputy Inspector General, Audit & Review with the Office of Inspector General for the City of New Orleans.  For nearly 20 years Carlisle served in various financial management positions with The Louisiana Land and Exploration Company, including as Vice President, Controller and Chief Accounting Officer, prior to his retirement in March 1997.   Carlisle is deeply involved in the New Orleans business community, and has served on a number of Boards and committees including with the Louisiana Citizens Property Insurance Corporation, Vistage International and Energy Partners, Ltd.  Carlisle earned a B.S. in Accounting from Mississippi State University and a Master of Business Administration from Loyola University.

Through December 2011, Wendell Mottley served as Managing Director and Senior Advisor at Credit Suisse in New York.  Mottley served as Finance Minister of Trinidad & Tobago between 1991 and 1995.  Most recently, he was named Chairman of the Trinidad & Tobago Unit Trust Corporation.  Mottley earned Economics degrees from Yale and Cambridge Universities.  Additionally, he won 2 Olympic Track and Field medals in the 1964 Tokyo Olympics.

"We are very pleased with the addition of Jerry and Wendell to our Board of Directors, as their experience will continue to strengthen the diverse and expert understanding necessary to reinforce our leadership position in the Americas," said Jose S. Suquet, Chairman of the Board, President and CEO of Pan-American Life Insurance Group.  "Jerry's vast hands-on experience in financial management, accounting and audit will be a valuable addition to our Audit Committee.  The company's growth trend extends into the Caribbean region – an area of focus and significant impact to Pan-American Life's success - just two months following the completion of the MetLife Alico/Algico assets acquisition in 13 Caribbean countries. Wendell's distinguished reputation and his keen understanding of the region, including the investment and regulatory frameworks, will be vital to the Group's expansion to the Caribbean."

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 1,300 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 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.

SOURCE Pan-American Life Insurance Group