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Pan‑American Life Insurance Group Announces Steven A. Friedman, President of Finance & Investments Will Assume Role of Chief Financial Officer
Corporate
September 05, 2023
Estimated Reading Time: 1m
New Orleans, LA – (September 5, 2023) – Pan‑American Life Insurance Group (PALIG) today announced Steven A. Friedman will assume the role of Chief Financial Officer, effective today, in addition to his current responsibilities as President of Finance and Investments. Mr. Friedman will succeed David Demmon, who has served in the role the last seven years as part of Mr. Friedman’s leadership team. Mr. Demmon will remain as a senior consultant.
In his current role as President of Finance and Investments, and a member of PALIG Executive Management Committee, Mr. Friedman leads 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,” said José S. Suquet, the Group’s Chairman of the Board and CEO. “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 Pan‑American Life in 2018, Mr. Friedman was Senior Managing Director of Guggenheim Securities’ Financial Institutions Group. He has over two decades 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. Before moving into investment banking, Mr. Friedman practiced corporate law, focusing on mergers and acquisitions.
ABOUT PAN‑AMERICAN LIFE INSURANCE GROUP (PALIG)
Pan‑American Life Insurance Group (PALIG) is a leading provider of life, accident, and health insurance, serving more than 7.3 million customers across the United States, Latin America, and the Caribbean. Founded in 1911 and headquartered in New Orleans, Louisiana, PALIG operates through over 30 member companies and 2,200 employees with a presence in 22 countries. Backed by a Financial Strength Rating of A (Strong) from Fitch Ratings and A (Excellent) from AM Best, PALIG offers top‑rated individual and group insurance products, along with employee benefits designed to support lifelong well‑being. Guided by a purpose — to be there when people need us most — PALIG is committed to delivering both financial protection and benefits solutions. Learn more about how they are people you can trust for life at palig.com.