SWBC
 | The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations. (January 2016) |
 | |
| Company type | Private company |
|---|---|
| Industry | Insurance Financial services |
| Founded | April 1, 1976 |
| Founders | Charlie Amato and Gary Dudley |
| Headquarters | San Antonio, Texas |
Key people | Charlie Amato (Chairman), Gary Dudley (President) |
| Products | Insurance, Mortgage, Wealth Management, Employee Benefits |
Number of employees | 2,600+ (2014) |
| Rating | A- (2023 AM Best)[1] |
| Website | www |
Southwest Business Corporation (SWBC) is an American financial services company providing insurance, mortgage, and investment services to financial institutions, businesses, and individuals in the United States.
Headquartered in San Antonio, Texas, SWBC employs nearly 2,600 people nationwide and is licensed to do business in all 50 U.S. states.[2]
SWBC is privately held by co-founders Chairman Charlie Amato and President Gary Dudley.[3] Although privately held, a public accounting firm audits the company's operations and financials on an annual basis.
History
[edit]The company was founded by Gary Dudley and Charlie Amato in 1976 in Dallas. The founders had met at elementary school and had reunited in the 1970s when they were both selling credit life insurance before deciding to start SWBC.[4]
In 2007 the company expanded to Bermuda, setting up SWBC Re, a re-insurance business.[1]
References
[edit]- ^ a b "SWBC Re gains excellent ratings amid consistent profitability". Insurance Business Magazine. March 19, 2024.
- ^ "About SWBC". swbc.com.
- ^ "SWBC insurance arm acquires San Antonio firm". My San Antonio. September 6, 2016.
- ^ "SWBC has first layoffs in 40-year history". San Antonio Express News. August 29, 2016.
