Pan-American Life Insurance Group ("PALIG") and Strategic Underwriting Solutions ("SUS") have announced a partnership under which Pan-American Life Insurance Company, PALIG's flagship member company, will now be a partner of choice for several of SUS's existing programs and its new business opportunities.
PALIG said in a statement that the partnership was part of Pan-American Life's growth strategy for its special markets business, a segment of its U.S. Group business unit.
"Pan-American Life has a long history providing best in class stop loss medical coverage options for employers," explained John Foley, president of the U.S. Group at Pan-American Life. "Our partnership with SUS will allow us to expand our network of strategic partners and enhance the reach of our expertise."
"We are very excited about our new relationship with PALIG," said Veronica M. Schmelzer, the president and chief executive of SUS. "Their strength and stability will be valuable as we continue our efforts to bring a wide variety of reliable, stable, stop loss carriers to our private label managers and all the distribution we represent."