AM Best Awards Credit Ratings to SWBC Property
and Casualty Insurance Company and SWBC RE, Ltd.
SAN
ANTONIO, April 3, 2024 /PRNewswire/ -- SWBC
continues its remarkable journey of resilience and prosperity
through strategic initiatives and solid dedication as a beacon of
financial stability in the insurance industry.
SWBC Property and Casualty Insurance Company and SWBC RE, Ltd.
have achieved significant recognition as both obtained an initial
A- (Excellent) rating from AM Best, a global credit rating service
provider specializing in the insurance industry. This affirmation
highlights our company's unwavering commitment to financial
security and is a testament to our parent's, SWBC, longstanding
commitment to strength and reliability in the insurance
industry.
"SWBC's journey started 48 years ago, and our accomplishments
have been extraordinary," remarked SWBC Co-founder and Chairman
Charlie Amato. "Although the global
landscape has presented challenges, we remain dedicated to
excellence and resilience. This steadfast devotion has earned the
trust and confidence of our clients, making us stronger than ever.
It is proof of our dedication to providing our clients the best
possible service and financial security."
"In a world where options abound, being the best fit for our
clients isn't just an advantage – it's imperative," added SWBC
Co-founder and President Gary
Dudley. "By prioritizing their satisfaction and earning
their trust, we solidify our position as the go-to partner for
their needs, now and in the future."
The ratings received reflect the company's balance sheet
strength and appropriate enterprise risk management, amongst other
drivers.
"We are thrilled that two more of our insurance companies, SWBC
Property and Casualty Insurance Company and SWBC RE, Ltd., have
received an A- (Excellent) rating, complementing the current AM
Best A- rating held by SWBC Life," said Joan Cleveland, President and CEO of SWBC Life
Insurance Company and SWBC Property & Casualty Insurance
Company. "Our financial strength rating emphasizes our allegiance
and trustworthiness as a reliable partner for our clients."
"At the heart of SWBC's success lies a deep-rooted tradition of
reliability and excellence. This tradition is upheld by our
leadership, who are dedicated to preserving our legacy of financial
strength", said CEO of SWBC RE, Ltd. Jim
Pangburn. "As we move forward, our focus remains on
embracing innovation, of which we can all be proud."
SWBC Life and SWBC Property and Casualty develop and deliver
customized payment protection programs for both financial
institutions and auto dealerships, tailored specifically to each
account. SWBC RE, Ltd. has been a long-standing reinsurer of
debt cancellation programs and is now poised to expand its
reinsurance capabilities.
Looking ahead, SWBC is well-positioned for continued success and
growth. By maintaining its tradition of stability and excellence,
the company continues to set the standard for the insurance
industry and remains a beacon of reliability in uncertain
times.
About SWBC
As a diversified financial services
company, SWBC provides financial institutions, businesses, and
individuals with a wide range of insurance, mortgages, wealth
management, employee benefits, and more. Headquartered in
San Antonio, Texas, SWBC has
partners and divisions across all 50 states and manages business
around the world. No matter how wide its reach, SWBC always listens
to our customers' needs, analyzes their current situations, and
recommends customized solutions. For more information about our
innovative approach to personalized service, visit SWBC's
website at www.swbc.com.
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SOURCE SWBC