Latest Hallmark Financial Services Headlines
All the headlines from our Hallmark Financial Services Topic Page, ordered by recency.
Hallmark Financial to Voluntarily Delist From Nasdaq
Dec 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...
Hallmark Financial Cancels Plans for Specialty Insurance Spinoff and IPO
Dec 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...
Ratings of Hallmark Financial Services, Subsidiaries Under Review
Apr 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...
Hallmark Financial Plans to Pursue IPO of Specialty Commercial Business
Apr 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...
Insurer Hallmark Financial Explores Splitting Off Its Specialty Commercial Lines Business
Jan 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...
Specialty Insurer Hallmark Financial CEO Anand Resigns; AM Best Maintains ‘A-‘ Rating
Jan 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...
Hallmark Financial CEO Resigns; AM Best ‘A-‘ Rating Maintained
Jan 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...
Ratings of Texas’ Hallmark Financial No Longer Under Review with Negative Implications
Oct 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...
Fort Worth P/C Insurer, Hallmark Financial, Reports $34M Loss
Jul 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...
Texas Insurer Hallmark Financial Exiting Binding Primary Commercial Auto Business
Mar 3 2020 // Citing loss development for prior underwriting years, Dallas-based specialty property/casualty insurer Hallmark Financial Services Inc., is exiting its Binding Primary Auto business. The commercial auto product the company...
Outlooks Revised to Stable for Hallmark Financial Services, Subsidiaries
Jun 9 2016 // Ratings agency, A.M. Best, has revised the outlooks to stable from negative and affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of the members of...
Hallmark Insurance Group Ratings Affirmed, Outlook Still Negative
Mar 19 2015 // A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of the members of Fort Worth, Texas-based Hallmark Insurance Group (Hallmark...
Best Affirms Hallmark Financial and Subs Ratings; Outlook Stable
Mar 21 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the members of Hallmark Insurance Group, headquartered in Fort Worth,...
Hallmark Financial Completes Acquisition of Texas Builders Insurance
Jul 1 2011 // Hallmark Financial Services Inc., based in Fort Worth, has completed its previously disclosed acquisition of TBIC Holding Corporation, including its wholly owned subsidiaries Texas Builders Insurance Co. and TBIC Risk...
Hallmark Financial Services Acquires Texas Builders Insurance
Mar 28 2011 // Hallmark Financial Services Inc., headquartered in Fort Worth, Texas, announced that its subsidiary, American Hallmark Insurance Co. of Texas, is acquiring TBIC Holding Corp. and its wholly owned subsidiaries Texas...
Hallmark Financial Completes Acquisition of State Auto National
Jan 4 2011 // Fort Worth, Texas-based Hallmark Financial Services Inc. says it has completed the previously disclosed acquisition of State Auto National Insurance Co. State Auto National is an Ohio domiciled insurance company which...
Hallmark Financial Reports Rise in Revenues, Drop in Earnings
Nov 15 2010 // Fort Worth, Texas-based Hallmark Financial Services Inc. has reported third quarter 2010 net earnings of $1.0 million compared to $4.2 million reported for the third quarter of 2009. Year to date, Hallmark reported net...
Hallmark Financial to Acquire State Auto’s Non-Standard Auto Unit
Aug 10 2010 // Hallmark Financial Services Inc., headquartered in Fort Worth, Texas, announced that its subsidiary, Hallmark Insurance Co., will acquire State Auto National Insurance Co. from Ohio-based State Auto Financial Corp. (STFC)....
A.M. Best Affirms Ratings of Hallmark Insurance Group
May 11 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Hallmark Insurance Group (Hallmark Group) of Fort Worth, Texas, and its operating...
Hallmark Financial Names Damonte President of Heath XS
Apr 21 2010 // Hallmark Financial Services Inc., an insurance holding company based in Fort Worth, Texas, has promoted James A. Damonte to serve as president of its Heath XS subsidiary. Damonte will have responsibility for the day-to-day...
