Hallmark Financial Services
Highly Engaged Employees
Insurance · Texas, United States · 201-500 Employees
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Overview
Headquarters
5420 Lyndon B Johnson Fwy Ste 1100, Dall...Phone Number
(416) 640-0280Website
www.hallmarkgrp.comRevenue
$165.9 MillionStock Symbol
HALLIndustry
About Hallmark Financial Services
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Hallmark Financial Services News & Media
Hallmark Announces Final Arbitration Award
DALLAS, June 05, 2023 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) received the final determination in an arbitration proceeding relating to a Loss Portfolio Transfer Reinsurance Contract with DARAG Bermuda Ltd. and DARAG Insurance Limited and certain of Hallmark’s subsidiaries. On June 2, 2023, a final definitive binding award was declared by the arbitration panel which will result in a write-off to Hallmark of $4.0 million during the second quarter of 2023AM Best Withdraws Credit Ratings of Hallmark Financial Services, Inc. and Its Subsidiaries
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has withdrawn the Long-Term Issuer Credit Rating (Long-Term ICR) of “ccc-” (Weak) and associated Long-Term Issue Ratings (Long-Term IR) of Hallmark Financial Services, Inc. (Hallmark Financial) [NASDAQ: HALL]. Concurrently, AM Best has withdrawn the Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term ICRs of “b+” (Marginal) of the members of Hallmark Insurance Group. At the time of the withdrawal, all Credit Ratings (ratings) wHallmark Announces First Quarter Results
DALLAS, May 15, 2023 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (“Hallmark”) (NASDAQ: HALL) today filed its Form 10-Q and announced financial results for the first quarter ended March 31, 2023.Hallmark Announces AM Best Rating Changes, Interim Final Arbitration Award, and Partnership with an AM Best “A” Rated Carrier
DALLAS, May 05, 2023 (GLOBE NEWSWIRE) -- AM Best announced today that it has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb” (Fair) from “bbb-” (Good) and the associated Long-Term Issue Ratings (Long-Term IRs) of Hallmark Financial Services, Inc. (Hallmark) [NASDAQ: HALL]. Concurrently, AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term ICRs to “bbb” (Good) from “a-” (Excellent) of the members of Hallmark
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Frequently Asked Questions Regarding Hallmark Financial Services
Founded in 1987 and headquartered in Dallas, Texas, Hallmark Financial Service is a property and casualty insurance group that serves businesses and individuals in specialty and niche markets. The group offers standard commercial insurance, specialty commercial insurance, and personal insurance.... Read More
