SWBC, a diversified financial services company in the US, has merged SWBC Property and Casualty Insurance Company (SWBC P&C) and SWBC RE.  

The merger, which positions SWBC P&C as the surviving entity, aims to consolidate resources and improve operational efficiency within the P&C insurance sector.  

Currently, SWBC P&C provides contractual liability policies in Texas and Utah, along with creditor-placed insurance policies in Texas. 

The merger is expected to expand the company’s operations into additional states where SWBC already has a presence, broadening its geographical reach. 

SWBC Life Insurance Company president and CEO and SWBC P&C executive vice-president Joan Cleveland said: “By combining our strengths, we are better positioned to expand our market reach for the benefit of our current and future clients. This merger reflects our commitment to growth and continued innovation.” 

In addition to expanding its geographical footprint, SWBC P&C will also explore new reinsurance opportunities to support its long-term development in the industry. 

SWBC P&C president and CEO Jim Pangburn stated: “I echo the excitement regarding this merger. The alignment of the two companies combines our expertise, enhances our balance sheet and positions us for new strategic growth opportunities. We are now in an even stronger position to serve our valued current and future partners.” 

Headquartered in San Antonio, Texas, SWBC offers services including insurance, mortgages, wealth management and employee benefits to financial institutions, businesses and individuals.  

The company operates across all 50 US states and manages operations internationally through its various partners and divisions.