Published On: Thu, May 8th, 2014

Pan-American Life Insurance Group announces new leadership for operations in the Caribbean and Mexico

Officers MeetingNEW ORLEANS, LA —  Pan-American Life Insurance Group (PALIG), a leading provider of insurance and financial services throughout the Americas, announced today a strategic change in the leadership structure for its operations in the Caribbean and Mexico. William (Bill) R. Schultz, Jr. will assume the role of CEO and Managing Director – Caribbean, while Miguel Sierra, who has held that position since August 2012, will relocate to Mexico as Country Manager of Pan-American Mexico, Compañia de Seguros, S.A.

“We are excited about the synergies that these two appointments will allow us to leverage. Billhas an impressive track record and astrong background in corporate employee and executive benefits sales that will be key to the development of that line of business in the Caribbean,” saidJosé S. Suquet, Chairman of the Board, President and CEO of Pan-American Life Insurance Group. “Similarly, Miguel’s extensive knowledge of Mass Marketing and the understanding he developed of the Personal Accident and Private Client Major Medical lines of business while working in the Caribbean will be critical to the implementation of our growth strategy in Mexico.”

Schultz comes to Pan-American Life with over 30 years of experience in the insurance industry.He served most recently as Senior Vice President and Director, Foreign Credit; for American International Group (AIG), Alico and MetLife, overseeing the credit related insurance business distributed through financial institutions, in over 60 countries. During his tenure,premium revenue grew from US$261 million to US$1.8 billion.

He previously held the position of Regional Director, North America Employee Benefits.Schultz holds a Bachelor’s degree in Economics and Education from Bucknell University in Pennsylvania and is a Certified Employee Benefits Specialist (CEBS) as well as a Chartered Life Underwriter (CLU).

“Miguel provided great leadership to our Caribbean teams during our first 18 months operating in the region, establishing a solid foundation for future growth,” Suquet said. “We have every confidence that Bill will build on that foundation as we continue to implement our strategic vision for the region.”

These appointments are subject to regulatory approvals. The Company does not anticipate any difficulty in obtaining the necessary approvals.

Mr. Suquet, Mr. Sierra and Mr. Schultz will be in Curacao at the end of this month for a sales incentive trip for 300 PALIG colleagues.

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 1,400 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

Click Tag(s) for Related Articles: