Pan-American Life Insurance Company Names Insurance Industry Veteran as New Executive Vice President-International

Business Wire, Feb 26, 2008

NEW ORLEANS -- Pan-American Life Insurance Company, a leading international insurance company providing life insurance, worksite benefits and financial services for more than 95 years, announced today the appointment of Eugenio Magdalena as Executive Vice President-International.

Mr. Magdalena, who will initially be based in Panama, will oversee all of Pan-American Life's businesses in Latin America, including the International Dollar, Bancassurance and Product Development divisions.

Born in Spain, Mr. Magdalena has more than 22 years of experience managing Life, Accident and Health insurance operations in Latin America, the US and Europe. Most recently, he served as the lead country executive in Spain, for the Assurant Group. During a career at CIGNA that spanned from 1986 to 2003 he held several senior management roles in Latin America, including assignments in the company's regional headquarters in Miami, and in Argentina, Brazil and Colombia.

Mr. Magdalena earned a degree in Economics at the Catholic University in Caracas, Venezuela, and an MBA at Cranfield School of Management in Cranfield, England.

"Eugenio's long term experience in running insurance businesses in Latin America brings the knowledgeable leadership necessary to continue expanding the revenue and profitability of our business and growth in the region," said Jose Suquet, Chairman of the Board, President and CEO of Pan-American Life.

About Pan-American Life Insurance Company

Founded in 1911, New Orleans-based Pan-American Life Insurance Company is a leading international insurance company, employing more than 700 worldwide, providing top-rated life and health insurance, worksite benefits and financial services in 44 states, the District of Columbia (DC) and Puerto Rico. Its international operations, offering individual and group life and health insurance throughout Latin America, includes affiliates in Panama, Guatemala and Colombia, and branch offices in Ecuador, El Salvador and Honduras. For more information, visit the Pan-American Life Web site at www.panamericanlife.com.

Pan-American Life Insurance Company is a member of Pan-American Life Insurance Group. The Group is comprised of a number of insurance and reinsurance companies serving nearly half a million customers throughout the Americas.