Hallmark Financial Names Damonte President of Heath XS

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 operations and future direction of Heath XS. Damonte assumes the role of president from Jeffrey L. Heath, who has been the president of Heath XS since its inception.

Damonte joined Heath XS in 2004.

Heath founded Heath XS in 1991 and has more than 30 years experience in the underwriting, marketing and executive management of excess casualty insurance products. Hallmark acquired Heath XS in 2008.

Heath remains a minority owner of Heath XS and will continue to work for Hallmark in an executive advisory role.

Source: Hallmark Financial Services