Hallmark

Hallmark cut from A- and expects $25mn-$35mn loss from Darag LPT arbitration award

Hallmark Financial has been downgraded to B++ (Good) by AM Best, with the Dallas-based insurer lining up a partnership with an A rated carrier as a result and also revealing it is expecting a loss of $25mn to $35mn from an arbitration award in its dispute with Darag over a loss portfolio transfer (LPT).

Risksmith targets E&S property growth with Patel hire from Hallmark

Expansive MGU platform Risksmith Insurance Services has brought in Ravi Patel from Hallmark Financial Services to run its E&S property business with a remit to expand the book with talent acquisition and a broadening of appetite to include a greater primary focus, E&S Insurer can reveal.