As previously disclosed in Hallmark’s public filings, certain of Hallmark’s subsidiaries are parties to an arbitration proceeding relating to a Loss Portfolio Transfer Reinsurance Contract with
We understand that in certain situations, an insured requires AM Best “A” rated paper, for which we have entered a partnership with an AM Best “A” rated carrier. They operate as an independent brand of a Fortune 500 holding company with insurance, reinsurance, and investment operations around the world. This carrier will allow Hallmark to underwrite our policies on their paper to accommodate such requirements.
In addition, we have been advised by Core Specialty, which in
About Hallmark
Hallmark is a property and casualty insurance holding company with a diversified portfolio of insurance products written on a national platform. With six insurance subsidiaries, Hallmark markets, underwrites and services commercial and personal insurance in select markets. Hallmark is headquartered in
Forward-looking statements in this release are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ materially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, continued acceptance of the Company’s products and services in the marketplace, competitive factors, interest rate trends, general economic conditions, the availability of financing, underwriting loss experience and other risks detailed from time to time in the Company’s filings with the
For further information, please contact:
Chief Executive Officer
817.348.1600
www.hallmarkgrp.com
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Hallmark Financial Services, Inc.
Hallmark Financial Services, Inc.
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