AMWEST CUTS BACK

Calabasas, Calif.-based Amwest Insurance Group Inc. announced it will reduce its workforce from 347 to about 255 and close branches as part of a strategic business reorganization plan. Under this plan, the company’s operations will be restructured in line with its renewed focus on smaller, more specialized surety accounts.

While Amwest has historically operated through 29 branches nationwide, its business will henceforth be concentrated in four states California, Illinois, Texas and New York.