Pan-American Life Insurance Group Announces Completion of Acquisition of USNow

 

Wednesday, Jul 15,2009, 3:07:43 PM   Click:

NEW ORLEANS, July 14 / PRNewswire / - Pan-American Life Insurance Group announced today that it has completed the acquisition of USNow, a leading nationally recognized in the administration and management plans medical limited.

Since 2006, was representative USNow Pan-American Life yard line of products in the United States, and Pan-American Life before a 20 percent stake in the company. USNow won recognition in the insurance industry that the company that launched the concept of the limited medical benefits, providing underinsured / uninsured individuals and businesses with employees access to care health group.

According to John Foley, Senior Vice President - Domestic Markets for Pan-American Life Insurance Group, the transaction reinforces the Group's commitment to investing in the growth of the company's Domestic Worksite business.

"Making USNow a part of Pan-American Life is of great strategic importance to our business as we expand our distribution in the United States, strengthen our commitment to the US Hispanic market, and continue to identify new sources of revenue growth," said Foley.

USNow operations will remain based in Dallas, TX, under the leadership of Mr. Foley.

About Pan-American Life Insurance Group

The Pan-American Life Insurance Group is a leading provider of insurance and financial services serving nearly half a million customers throughout the Americas. New Orleans-based Pan-American Life Insurance Company, the Group's flagship insurance company member, has been in business since 1911, employing more than 700 worldwide, providing top-rated life and health insurance, worksite benefits and financial services in 47 states, the District of Columbia (DC) and Puerto Rico. Its international operations, offering individual and group life and health insurance throughout Latin America, includes affiliates in Panama, Guatemala, Cayman Islands and Colombia, and branch offices in Ecuador, El Salvador and Honduras. For more information, visit the Pan-American Life Web site at www.panamericanlife.com.

 

 

SOURCE Pan-American Life Insurance Group