LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
FORT WORTH, Texas, March 14, 2016 -- Hallmark Financial Services, Inc. (NASDAQ:HALL) is pleased to announce a new product offering focused on excess capacity needs for Public Entities as part of the continued expansion and diversification of its Primary & Excess Liability operating unit.
The new product will offer excess and surplus lines insurance, distributed exclusively through designated wholesale brokers. The focus is on excess programs for all types of public entity risks including, but not limited to, cities, counties, utilities and intergovernmental risk pools. Product offerings will include excess follow form contracts, quota share agreements and reinsurance placements on a nationwide basis.
“The new product continues our efforts to expand our casualty business into the public entity space as well as the continuance of our diversification strategy to meet the needs of our clients,” stated James Damonte, President of Hallmark’s Primary & Excess Casualty operating unit. “This new product complements our long standing transportation-focused Excess & Umbrella business. It also builds on the recently released additional capabilities on E&S-focused Primary General Liability as well as increased capacity (up to $10m) for light E&S-focused Excess and Umbrella business covering a broad spectrum of classes.”
“Hallmark plans to continue to expand and diversify its primary and excess casualty offerings with key hires and product enhancements as respects limit availability and risk appetite.”
Hallmark’s Public Entity product will be led by Richard Wilson, an accomplished public entity insurance specialist with 30 years of experience within the underwriting and brokerage community. Based in our Los Angeles office, Mr. Wilson can be contacted at (213) 236-3532 and [email protected].
About Hallmark Financial Services, Inc.
Hallmark Financial Services, Inc. is a diversified specialty property/casualty insurer with offices in Dallas-Fort Worth, San Antonio, Chicago, Los Angeles and Atlanta. Hallmark markets, underwrites and services approximately half a billion dollars annually in commercial and personal insurance premiums in select markets. Hallmark is headquartered in Fort Worth, Texas and its common stock is listed on NASDAQ under the symbol "HALL."
Media Contact: Blake Zipoy, Director of Corporate Communications, [email protected]
