Pan-American Life Insurance Company Announces New Vice President of International and Domestic Life Insurance Operations

Business Wire, May 27, 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 that Mr. Arturo Ronderos has been appointed as Vice President - International and Domestic Life Insurance Operations.

As part of the senior management team, Mr. Ronderos will be responsible for the management of operations of Latin America, International Dollar, Domestic Life Insurance and Service Delivery.

Mr. Ronderos has nearly 30 years of experience in the life and health care insurance industries in Latin America and in the United States.

"Arturo's leadership and expertise in managing operational transformation efforts combined with his vast experience in the insurance industry will result in a positive impact for Pan-American Life," said Chairman and CEO of Pan-American Life, Jose Suquet. "As our business continues to expand and diversify, expert senior direction is crucial to our company's success."

Before joining Pan-American Life, Mr. Ronderos served as an independent consultant, providing strategic assessments to private equity firms on the impact of information technology operations trends in the health care and property and casualty sectors. In addition, he held several senior management positions at Aetna and CIGNA, both multinational life and health insurance companies.

As part of the senior management team at Aetna, Mr. Ronderos' responsibilities included improving the operational performance of numerous functions and divisions, such as pharmacy benefits management, billing and collection, and call center services. Mr. Ronderos successfully turned around a $90 million, five-year program improving quoting and pricing for the middle market and national segments, increasing cross selling and improving margins by 2.5 percent.

Mr. Ronderos earned a Bachelor of Science in business administration in computer science from Baruch College at The City University of New York and an MBA in corporate finance and international trade from the University of Hartford.

About Pan-American Life

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 46 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.