December 29, 2023
Property/casualty insurer Hallmark Financial Services said it has voluntarily delisted from Nasdaq after failing to meet requirements to remain on the stock exchange. Hallmark on Dec. 26 provided notice to Nasdaq. The company said its shares will be suspended in …
October 10, 2022
Core Specialty Insurance Holdings, Inc. and its subsidiaries said Oct. 7 that it has completed the acquisition of Hallmark Financial Services, Inc.’s excess & surplus lines operations for approximately $40 million in cash. The business acquired from Hallmark represents that …
December 27, 2021
Hallmark Financial Services, Inc. announced last Thursday that it will no longer actively pursue a previously announced separation of its specialty commercial business segment and will not proceed with an initial public offering of the specialty segment. It was in …
April 21, 2021
AM Best has placed under review with developing implications the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” and the Long-Term Issue Credit Rating (Long-Term IR) of Dallas-based Hallmark Financial Services Inc. (Hallmark Financial). Concurrently, AM Best has placed under …
April 15, 2021
Hallmark Financial Services Inc., a property/casualty insurance company with three business segments – Specialty Commercial, Standard Commercial and Personal – plans to pursue an initial public offering of a non-controlling ownership stake in the core businesses within the Specialty Commercial …
January 22, 2021
Hallmark Financial Services, a specialty property/casualty company, announced Thursday that it is exploring the separation of its specialty commercial business to unlock its value and improve access to capital. Currently the company is comprised of three business segments—specialty commercial, standard …
January 20, 2021
AM Best announced that it would not change the “A-” financial strength ratings of the members of Dallas-based specialty insurer Hallmark Insurance Group nor the “bbb-” long-term issue credit rating of Hallmark Financial Services, after Hallmark Financial announced its chief …
January 19, 2021
AM Best announced that its would not change the “A-” financial strength ratings of the members of Dallas-based Hallmark Insurance Group nor the “bbb-” long-term issue credit rating of Hallmark Financial Services, after Hallmark Financial announced the CEO is resigning. …
October 20, 2020
AM Best has removed from under review with negative implications and affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” and the Long-Term Issue Credit Ratings (Long-Term IR) of Hallmark Financial Services Inc. (Hallmark Financial), headquartered in Dallas. Concurrently, …
July 1, 2020
Hallmark Financial Services Inc. (HALL) has reported a loss of $34 million in its fourth quarter. The Fort Worth, Texas-based company said it had a loss of $1.87 per share. Losses, adjusted for investment gains, were $2.01 per share. The …