SAN ANTONIO--(BUSINESS WIRE)--Mar 16, 2026--
SWBC is proud to announce that Joan Cleveland, President and CEO of SWBC Life Insurance Company and Executive Vice President of SWBC Property and Casualty Insurance Company, has been appointed by the Texas Commissioner of Insurance to the Texas Life and Health Insurance Guaranty Association (TLHIGA) Board of Directors. Cleveland will serve a term that runs until September 30, 2031.
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“I am honored to serve on the TLHIGA Board of Directors and support the organization’s essential work of safeguarding Texans,” said Joan Cleveland. “Ensuring confidence and stability across the insurance landscape is paramount, and I look forward to contributing to this important work.”
Cleveland brings more than three decades of leadership and expertise in the life and health insurance industry. At SWBC, she leads strategic market development, product innovation, customer experience, and distribution strategies for the company’s life insurance operations.
“Joan’s leadership has strengthened SWBC’s reputation throughout the industry,” said Charlie Amato, Chairman and Co-founder of SWBC. “Her deep knowledge of the market and commitment to serving others make her an exceptional addition to the TLHIGA Board. We are incredibly proud to see her represent SWBC in a role that benefits Texans statewide.”
Cleveland is also a prominent national industry leader. She serves on the boards of the Life Insurers Council (LIC) and the Consumer Credit Industry Association (CCIA) and has previously been recognized as one of the Top 100 Women in Finance.
“Joan embodies the values SWBC was built on,” said Gary Dudley, President and Co-founder of SWBC. “Her appointment highlights the respect she has earned throughout her career, and I am confident she will bring valuable insight to TLHIGA’s mission.”
The Texas Life and Health Insurance Guaranty Association plays a vital role in consumer protection by ensuring that Texans continue to receive statutorily protected insurance policy benefits should a licensed life or health insurer or HMO be found to be insolvent and is placed into liquidation by a court. The Board is composed of nine members appointed by the Texas Commissioner of Insurance, representing both industry and public stakeholders.
About SWBC
As a diversified financial services company, SWBC provides financial institutions, businesses, and individuals with a wide range of insurance, mortgages, wealth management, employee benefits, and more. Headquartered in San Antonio, Texas, SWBC has partners and divisions across all 50 states and Mexico and manages businesses worldwide. No matter how wide its reach, SWBC always listens to our customers’ needs, analyzes their current situations, and recommends customized solutions. For more information about our innovative approach to personalized service, visit SWBC’s website.
Joan Cleveland, President and CEO of SWBC Life Insurance Company and Executive Vice President of SWBC Property and Casualty Insurance Company
BRUSSELS (AP) — European countries on Monday demanded to know more about U.S. President Donald Trump's plans for the war on Iran and when the conflict might end as they weighed whether to agree to his call to send warships to help shore up security in the Persian Gulf.
British Prime Minister Keir Starmer insisted Britain “will not be drawn into the wider war,” and said British troops should only be sent into action that is legal and has “a proper thought-through plan.” His country is considering other forms of help in conjunction with allies.
The cool response to Trump's demand reflects wide caution about the U.S.-Israeli war among allies kept in the dark before, and largely since, it was launched on Feb. 28.
Trump has asked partners — including France, China, Japan, South Korea and Britain — to help secure the strait for global shipping. He said the United States was talking to “about seven” countries, but he wouldn’t say which ones and gave no indication of when such a coalition might be formed.
Separately, in an interview with the Financial Times, he warned that “if there’s no response or if it’s a negative response, I think it will be very bad for the future of NATO.”
As European Union foreign ministers gathered to discuss Trump's demand, German Foreign Minister Johann Wadephul said it's important for the U.S. and Israel to define “when they consider the military aims of their deployment to have been reached.”
“We need more clarity here,” Wadephul told reporters.
German Chancellor Friedrich Merz’s spokesperson, Stefan Kornelius, underlined that “it is not NATO’s war. NATO is an alliance to defend the alliance area.”
Kornelius said that Berlin “took note” of Trump’s comments, but added: “The United States did not consult us before this war, and so we believe this is not a matter for NATO or the German government.”
Estonian Foreign Minister Margus Tsahkna also said that U.S. allies in Europe want to understand Trump’s “strategic goals. What will be the plan?”
Polish Foreign Minister Radek Sikorski invited the Trump administration to go through the proper channels.
“If there is a request via NATO, we will of course out of respect and sympathy for our American allies consider it very carefully,” he said. Sikorski made a reference to Article 4 of NATO's founding treaty, which allies can invoke if they believe their territory or security is under threat.
Still, EU foreign policy chief Kaja Kallas said that “it is in our interest to keep the Strait of Hormuz open."
Kallas said the EU could expand its Operation Aspides naval mission to protect shipping in the Red Sea up into the Persian Gulf. If no agreement is found among the 27 EU countries, those who stand ready to go it alone could form a “coalition of the willing” and provide military support on an ad hoc basis.
The war in Iran has driven up energy prices worldwide, with Brent crude up more than 40%. The conflict has also disrupted the wider global supply chain beyond oil, affecting things like pharmaceuticals from India, semiconductors from Asia and oil-derived products like fertilizers that come from the Middle East.
Cargo ships are stuck in the Gulf or making a much longer detour around the southern tip of Africa. Planes carrying air cargo out of the Middle East are grounded. And the longer the war drags on, the more likely that there will be shortages and price increases on a wide range of goods.
France has said it is working with countries — President Emmanuel Macron mentioned partners in Europe, India and Asia — on a possible mission to escort ships through the strait but has stressed it must be when “the circumstances permit,” when fighting has subsided.
French senior officials, speaking anonymously on ongoing talks, said the Netherlands, Italy, and Greece had shown interest and that Spain might be involved in some way.
Starmer said Britain is discussing with the U.S. and allies in Europe and the Gulf the possibility of using its mine-hunting drones already in the region.
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Associated Press writers Geir Moulson in Berlin, Jill Lawless in London, and Sylive Corbet in Paris contributed to this report.
Britain's Prime Minister Keir Starmer speaks to the media at Downing Street, in London, March 16, 2026. (Brook Mitchell/Pool Photo via AP)
Poland's Foreign Minister Radoslaw Sikorski speaks with the media as he arrives for a meeting of EU foreign ministers at the European Council building in Brussels, Monday, March 16, 2026. (AP Photo/Virginia Mayo)
Germany's Foreign Minister Johann Wadephul speaks with the media as he arrives for a meeting of EU foreign ministers at the European Council building in Brussels, Monday, March 16, 2026. (AP Photo/Virginia Mayo)
European Union foreign policy chief Kaja Kallas speaks with the media as she arrives for a meeting of EU foreign ministers at the European Council building in Brussels, Monday, March 16, 2026. (AP Photo/Virginia Mayo)
