SAN ANTONIO, Texas–Southwest Business Corporation (SWBC) announced it has formed a reinsurance company, called SWBC RE, Ltd. in Bermuda. SWBC officials said the company has experienced tremendous growth over the past three years and found it necessary to establish SWBC RE, Ltd. to enhance the products and services they provide to their clients. SWBC RE, Ltd. will be reinsuring business from a variety of insurance partners and companies. The first product that will be reinsured by SWBC RE, Ltd. will be contractual liability contracts associated with the sale of debt protection products by their financial institution clients. SWBC also will be the administrator on the Debt Protection business out of their San Antonio office.
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