Billings, Davis Join Hallmark

January 2, 2003

Dallas-based Hallmark Financial Services Inc., announced two new executives joined the company on January 1, 2003. Scott K. Billings is the new chief financial officer of Hallmark and Brookland F. Davis joined the company as president of the American Hallmark Insurance Group, the Texas Non-Standard Auto Division of Hallmark.

The company also announced that John DePuma, its current CFO, will take on new responsibilities as the senior vice president of Corporate Planning.

“The addition of Scott and Brooks adds depth to a strong Hallmark team,” said Mark E. Schwarz, chairman of Hallmark Financial Services Inc. “We appreciate all that John has accomplished as chief financial officer, and look forward to the contribution he will make in his new role.”

Scott E. Billings joins the company from Benfield Blanch Holdings Inc., where he had been the CFO of its domestic operations. Scott previously had been the chief accounting officer for E.W. Blanch Holdings Inc., the publicly-traded predecessor to Benfield Blanch. He also worked as the controller for H.D. Vest Financial Services.

Brookland F. Davis joins the company from Bankers Insurance Group, where he lead the non-standard auto insurance operations for the group. Prior to joining Bankers, Brooks was the chief financial officer for Paragon Insurance Holdings, a multi-state managing general agency offering non-standard auto and homeowners insurance in Texas, Louisiana and Arkansas. He was also the vice president and treasurer of Midland Financial Group. Brooks is a Certified Public Accountant and began his career with Coopers & Lybrand.

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