Pan American Life Insurance Group is now all set to expand its health and accident insurance offerings in the US as well as Latin America in the effort to grow more than double from the last year. This New Orleans based company has thus tapped in Alex S. Rizo as the new Vice President to lead this effort.
The company said on Monday that they have hired Alex S. Rizo as the Vice President of health and accident insurance products. Rizo will be seeing sales, product development and operations for the division all across the company’s markets in Latin America, US and the Caribbean. As the Vice President of the company, Accident and Health department, key responsibilities of Rizo will not just be to oversee the operations, product development and sales but to do so in all of jurisdictions that the company operated in the current times.
Jose S. Suquet, Chairman of Board, CEO and President of Pan American Life said that such lines of business are a crucial part of their strategy to solidify the company as partner of choice for insurance requirements of both individuals as well as businesses all across the USA. From this point of view, it is important for the company to appoint experienced person whose expertise and knowledge will drive growth of Mass Marketing and Personal Accident businesses in the Caribbean and Latin America and at the same point, support the U.S. GWI Group Accident, Occupational Accident and Blanket Accident business.
Rizo’s professional expertise incorporates 22 years tenure at American International Group during which he worked all across Latin America namely Colombia, Uruguay, Panama and Chile. In recent times, he has worked as Vice President and Executive Director with Consumer Division Head, Mexico. In that all, he actually managed USD100 Million division that included various lines of business like Health and Accident.
Pan American Life Insurance has spent years working on streamlining its functions like exiting retirement investment as well as disability business. The new Vice President in the garb of Rizo will be based out of Miami office. CEO and Chairman Jose Suquet reported that this move is an important step in the effort of the company to be a partner of choice for the US companies and rich people working in the Caribbean and Latin America. The insurance company also seeks growing its business in the US, mainly in occupational and group accident insurance.
