Pan-American Life Insurance Group Promotes Two Senior Executives As Company Undertakes New Five Year Strategic Initiative

NEW ORLEANS--(BUSINESS WIRE)-- Pan-American Life Insurance Group (PALIG) today announced the promotion of David Demmon to Senior Vice President, CFO and Controller and Bryan Scofield to Senior Vice President of Human Resources. The promotions bolster PALIG’s senior management ranks at a time that the company is enjoying sustained growth and is undertaking a new five year strategic initiative to enhance its position as a leading provider of insurance and financial services throughout the Americas.

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David Demmon, Vice President, CFO and Controller (Photo: Business Wire)

“Our organization has grown tremendously over the past decade and that has led to increased responsibilities for our senior executives. David and Bryan are expanding their roles in the company and they will be instrumental in the execution of our new five-year strategic initiative,” said José S. Suquet, the Group’s Chairman of the Board, President and CEO. “I am confident that under their steady stewardship Pan-American Life will continue to deliver on its promise to policyholders and employees by growing the business and improving our financial strength through a keen focus on delivering great products and results to our customers.”

In his capacity as CFO and Controller, Mr. Demmon adds treasury operations and tax accounting and reporting to his existing responsibilities, while also expanding the company's internal control efforts. In addition, he will now serve on PALIG’s Executive Management Committee.

Mr. Demmon has been Pan-American Life’s Vice President, Controller and Chief Accounting Officer since joining the company in 2012. In more than 30 years as an insurance industry executive, he has held executive management and senior financial management positions with various companies around the world.

As Senior Vice President of Human Resources, Mr. Scofield is responsible for strategy and administration for Pan-American Life operations in the United States, Puerto Rico, Latin America and the Caribbean. Since joining Pan-American Life in 2000 Mr. Scofield has played a leading role in the integration of several new companies into the PALIG organization. Prior to joining Pan-American Life, he served as Director of Benefits and Compensation at Hancock Bank in Gulfport in Mississippi.

Mr. Demmon is a Certified Public Accountant and a Certified Internal Auditor. He earned his B.S. in Economics from the University of Oregon.

Mr. Scofield is a member of the WorldatWork -The Total Rewards Association, as well as of The Society of Human Resources Management (SHRM). He also serves as Board Secretary on the Junior Achievement of Greater New Orleans Board of Governors and holds a bachelor of arts from the University of New Orleans in addition to a certificate of Certified Compensation Professional (CCP).

They will both continue reporting to Carlos Mickan, Vice Chairman of the Board, and head of Finance and Administration.

About Pan-American Life Insurance Group

Pan-American Life Insurance Group is a leading provider of insurance and financial services throughout the Americas that has been delivering trusted financial services since 1911. The New Orleans-based Group is comprised of more than twenty member companies, employs more than 1,850 worldwide and offers top-rated individual and/or group life, accident and health insurance, employee benefits and financial services in 49 states, the District of Columbia (DC), Puerto Rico, the U.S. Virgin Islands, and throughout Latin America and the Caribbean. The Group has branches and affiliates in Costa Rica, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Panama, and 13 Caribbean markets, including Barbados, Cayman Islands, Curacao and Trinidad and Tobago. For more information, visit the Pan-American Life Web site at palig.com, follow us on Twitter @PanAmericanLife, and connect with us on LinkedIn at Pan-American Life Insurance Group.

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Pan-American Life Insurance Group

Marta C. Reeves, 504-566-3112 /

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or

FleishmanHillard

Isabel Abislaiman, 305-520-9017

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Source: Pan-American Life Insurance Group