SWBC

Last updated
Southwest Business Corporation
Company type Private company
Industry Insurance
Financial services
FoundedApril 1, 1976;48 years ago (April 1, 1976)
FoundersCharlie 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)
RatingA- (2023 AM Best) [1]
Website www.swbc.com

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

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

  1. 1 2 "SWBC Re gains excellent ratings amid consistent profitability". Insurance Business Magazine. March 19, 2024.
  2. "About SWBC". swbc.com. Archived from the original on 2016-12-21. Retrieved 2016-12-21.
  3. "SWBC insurance arm acquires San Antonio firm". My San Antonio. September 6, 2016.
  4. "SWBC has first layoffs in 40-year history". San Antonio Express News. August 29, 2016.