New Orleans-based Pan-American Life Insurance Group names new CFO

Photo courtesy Pan-American Life Insurance Group.

Steven A. Friedman

New Orleans-based Pan-American Life Insurance Group has announced Steven A. Friedman will assume the role of chief financial officer.

He will assume the role in addition to his current responsibilities as president of finance and investments.

Friedman will succeed David Demmon, who has served in the role the last seven years as part of Friedman’s leadership team. Demmon will remain as a senior consultant.

Friedman has led the company’s financial operations and investment management, including oversight of finance and accounting, corporate development, risk management, compliance and administration.

“Steve’s exceptional leadership in financial management and investments has positioned PALIG strongly for the future,” José S. Suquet, the group’s chairman of the board and CEO, said in a news release. “I am thrilled to have Steve step into the CFO role and assume additional responsibilities. He is a trusted advisor with deep experience who will continue to build on PALIG’s financial strength. Steve will drive priority finance initiatives to unlock both continued growth and operational efficiency.”

Prior to joining PALIG in 2018, Friedman was senior managing director of Guggenheim Securities’ Financial Institutions Group. He has more than 20 years of experience advising U.S. and internationally based companies across the life, property-casualty and reinsurance sectors. His previous professional experience also includes serving as head of financial services at Greenhill & Co. and co-head of insurance for North America at UBS. Prior to pivoting into investment banking, Friedman practiced corporate law, focusing on mergers and acquisitions.

PALIG has been delivering financial services since 1911. Employing 2,100 people worldwide, the company is a provider of life, accident and health insurance throughout the Americas.

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