Amwest Insurance Group Promotes Phillip E. Huff to Senior Vice President, Finance.Business Editors CALABASAS, Calif.--(BUSINESS WIRE)--June 6, 2000 Amwest Insurance Group, Inc. (AMEX AMEX See: American Stock Exchange :AMW AMW America's Most Wanted (TV show) AMW Air Mobility Wing AMW Amphibious Warfare AMW Ask Me Why (Beatles song) AMW Angewandte Medienwissenschaft (German: Applied Media Studies) ) (PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. :AMW) today announced the promotion of Phillip E. Huff to senior vice president, finance, reporting to John E. Savage, president and chief executive officer. Huff, 38, joined the company in 1987 as assistant controller. He has held the positions of controller and, most recently, vice president and treasurer. While treasurer, Huff was responsible for investment portfolio analysis and supervisory control as well as providing assistance in securing a $12.5 debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay and the consummation of a merger with Condor Services, Inc. Prior to joining Amwest, Huff was a senior auditor at KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen , LLP LLP - Lower Layer Protocol , specializing in banking and insurance and is also a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. in the state of California. "Phillip's deep familiarity with Amwest and his financial expertise on both the investment and operations side will be critical in leading Amwest in our strategy to improve the performance of our surety and property and casualty divisions and return the company to profitability," said Savage. Amwest is a Calabasas-based insurance holding company underwriting surety and property and casualty insurance through Amwest Surety Insurance Company, Condor Insurance Company and Far West Insurance Company. Certain statements contained in this news release regard matters that are not historical facts and are forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to the company's ability to improve the performance of its surety and property and casualty divisions and return the company to profitability, as well as other factors noted in the company's filings with the Securities and Exchange Commission. The company undertakes no obligation to release publicly the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion