NEW ORLEANS, April 26, 2011 /PRNewswire/ -- New Orleans based, Pan-American Life Insurance Group (PALIG), announced today the launch of Pan-American Private Client in Miami, FL (121 Alhambra Plaza, Coral Gables, FL 33134).  Pan-American Private Client will extend a one-stop, full service life and health insurance offering for high net worth individuals living outside of the United States.  

As the leading provider of life and health insurance in Latin America and the U.S. Hispanic market, the launch of Pan-American Private Client in the city of Miami was a natural evolution in continued growth for the Group considering the city's market niche in the international financial sector.

Jose S. Suquet, Chairman of the Board, President and CEO shared, "Pan-American Private Client will function as a sales, marketing and underwriting office developed for this specialized, high growth segment of the insurance industry. As the only company in South Florida with this complete offering, we are uniquely positioned to make a significant impact in the region."

"Pan-American Private Client will be co-led by Bruce Parker, President Global Life and Michael Carricarte, President International Major Medical," said Suquet.  "Our collective international experience combined with our past business history in Miami, will drive this business to be a major growth catalyst for our Group as a whole."

Through Pan-American Private Client those seeking international health insurance will have access to dedicated service and first class health benefits, delivered through an extensive network of medical providers in the U.S. and Latin America.

The personalized service also includes 24-hour/7-day access to agents and to medical professionals as needed. Benefits that further differentiate the Private Client service include: a benefit of 50 percent reduction in the deductible after being claims free for three years, as well as having children over the age of 25 remain under the parent's policy, including in-laws, grandparents and grandchildren incorporated in the same policy.

Furthermore, providing Life Insurance benefits to high net worth individuals and business owners gives policyholders the opportunity to preserve, grow and transfer wealth to future generations. Pan-American Private Client life coverage is underwritten by Pan-American Assurance Company International, Inc.

"Private Client will expand on Pan-American Life's multicultural heritage and experience to deliver best in class service through an exclusive team created to cater to the unique needs of affluent clientele," said Carricarte.

Parker went on to say, "We are confident Pan-American Private Client will deliver on our core competency of serving as a Bridge of the Americas."

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 member, has been delivering trusted financial services since 1911, employing more than 800 worldwide, providing top-rated life and health insurance, worksite benefits and financial services in 47 states, the District of Columbia (DC) and Puerto Rico. The Group's member companies offer individual and/or group life and health insurance throughout Latin America. The Group has branches and affiliates in Costa Rica, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Panama, Puerto Rico, and the Cayman Islands. For more information, visit the Pan-American Life Web site at www.panamericanlife.com.

SOURCE Pan-American Life Insurance Group