January 1, 2023 – New Orleans, LA –Pan‑American Life Insurance Group (PALIG), a leading provider of life, accident and health insurance throughout the Americas, today announced that it has completed the merger of Mutual Trust Life Insurance Company®, a Pan‑American Life Insurance Group Stock Company, into Pan‑American Life Insurance Company (PALIC) as a fully integrated division named Mutual Trust Life Solutions, effective December 31, 2022

“This consolidation further strengthens our position as a premier life, accident and health insurance provider in the Americas,” said José S. Suquet, Chairman of the Board and CEO of Pan‑American Life Insurance Group. “The full integration of Mutual Trust solidifies Louisiana‑domiciled Pan‑American Life Insurance Company’s market leadership position with increased scale, greater financial strength, a sterling ratings profile and enhanced growth opportunities.”

As a fully integrated division of Pan‑American Life, Mutual Trust Life Solutions will continue to operate from its existing offices in Oak Brook, Illinois, with no resulting changes to distribution channels or product portfolio. The global headquarters of Pan‑American Life remains in New Orleans, Louisiana and Bruce Parker, President for Global Life continues to lead PALIG’s Life business. Geri Gaughan, will continue to lead Mutual Trust Life Solutions as President and Chief Operating Officer. Luke Cosme, Senior Vice President Sales and Marketing will continue to lead the sales organization.