Veteran Pan-American Life Insurance Group Chief Investment Officer Rudy Revuelta Announces Retirement

Pan-American Life Insurance Group (PALIG), a leading provider of
insurance and financial services throughout the Americas, announced
today that Rodolfo “Rudy” Revuelta will be retiring as the company’s
Executive Vice President and Chief Investment Officer. Mr. Revuelta, who
rose through the ranks after joining PALIG more than 40 years ago as a
securities analyst, was responsible for all of Pan-American Life’s
investment portfolios, including those of the Group’s subsidiaries and
affiliates.

Mr. Revuelta was named Chief Investment Officer in 2005 and Executive
Vice-President in 2016. Under his steady stewardship, the Group executed
a sound investment strategy designed to ensure a competitive rate of
return for PALIG’s portfolio, which has grown to more than $5.2 billion
in cash and invested assets.

“Rudy’s dedication to PALIG and the interests of our policyholders over
the course of so many years is hard to match,” said José S. Suquet,
Chairman of the Board, President and CEO of Pan-American Life Insurance
Group. “I am grateful for his consistent leadership in guiding our
investment strategy during a period of significant growth for the
company.”

PALIG also announced that Steven A. Friedman is joining the company as
Executive Vice President in a newly created role to lead the
Investments, Corporate Development and Strategy functions. Mr. Revuelta
will remain with PALIG in an advisory role until mid-2019 and to support
the transition.

Mr. Friedman was most recently Senior Managing Director of Guggenheim
Securities’ Financial Institutions Group. He has been an external
advisor to PALIG for more than 10 years and has over two decades
experience advising a variety of domestic and international companies
across the life, property-casualty and reinsurance sectors. He has
advised clients on more than $200 billion in corporate transactions,
including mergers and acquisitions, divestitures, restructurings,
recapitalizations, leveraged buyouts and capital funding.

Prior to joining Guggenheim Securities, Mr. Friedman was Head of
Financial Services at Greenhill & Co. and Co-Head of Insurance for North
America at UBS. He began his career as a lawyer with White & Case,
practicing M&A and securities law. He graduated from the Wharton School
of Business at the University of Pennsylvania with dual concentrations
in Finance and Real Estate, and received his J.D. from Tulane Law
School, cum laude.

“Steven has a deep understanding of the insurance industry and is well
positioned to work with our senior management team to shape PALIG’s
growth strategy in the future,” added Mr. Suquet. “His experience
handling large corporate transactions will be invaluable in the newly
expanded role of head of Investments, Corporate Development and
Strategy.”

In addition to leading an investments team that has consistently
achieved exceptional returns with a moderate risk profile, Mr. Friedman
will play a leading role in identifying and evaluating organic growth
opportunities and potential acquisitions for the company.

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 1,950
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,
like us on Facebook @PanAmericanLife,
follow us on Twitter @PanAmericanLife,
and connect with us on LinkedIn at Pan-American Life
Insurance Group.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180711005526/en/

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