Amwest Acquires Insurer and Bonding Service

Amwest Insurance Group Inc. in Woodland Hills has completed the acquisitions of Condor Services Inc. and Southern California Bonding Service Inc.

Condor is a property and casualty insurer providing trucking and passenger automotive coverage. Amwest purchased the company in a stock swap valued at about $13.2 million.

Southern California Bonding, a large producer of probate and civil litigation bonds, was acquired by Amwest’s subsidiary Amwest Surety Insurance Co.

The terms of the all-cash acquisition were not disclosed.

Amwest is an insurance holding company specializing in surety bonds that guaranty the performance of a contract.