| Business Summary | | Amwest
Insurance
Group,
Inc.
is
an
insurance
holding
company
engaged,
through
its
wholly
owned
subsidiaries,
Amwest
Surety
Insurance
Company,
Condor
Insurance
Company
and
Far
West
Insurance
Company,
in
underwriting
surety
bonds
nationwide,
commercial
automobile
insurance
in
the
state
of
California
and,
to
a
lesser
extent,
other
property
and
casualty
coverages
in
various
parts
of
the
United
States.
Surety
bonds
are
predominately
written
through
branch
and
field
offices
located
throughout
the
United
States.
Both
the
surety
and
property
and
casualty
products
are
marketed
through
independent
agents,
with
a
small
percentage
of
the
Company's
business
written
directly
to
the
insured.
In
July
2001,
the
Company
commenced
Chapter
11
Bankruptcy
proceedings. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Amwest
is
an
insurance
holding
Co.
engaged,
through
its
subsidiaries,
in
underwriting
surety
bond,
commercial
automobile
insurance
(in
CA),
and
property
and
casualty
coverages.
For
the
nine
months
ended
9/30/00,
revenues
rose
2%
to
$91.9
million.
Net
loss
totaled
$14.3
million
vs.
an
income
of
$1.4
million.
Revenues
reflect
an
increase
in
premium
writings
in
the
court
and
commercial
surety
operations.
Net
loss
reflects
higher
loss
adjustment
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Charles Schultz, 72 Chairman,
Pres, CEO | -- | John Savage, 47 Vice
Chairman | $332K | Neil Pont, 54 Sr.
VP, Director | 245K | Steven Kay, 46 Sr.
VP, Treasurer, Director | 240K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|