AM Best further downgrades Hallmark to C++ following $25mn-$35mn Darag award

Hallmark Financial has been downgraded to C++ by AM Best after the rating agency said it had been unaware legacy specialist Darag was awarded a $25mn-$35mn payout in relation to a loss portfolio transfer deal with the beleaguered insurer.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Andy Stone

Sales manager

+44 (0) 77 4160 9204

andy.stone@thomsonreuters.com

    Ricky Lamey

    Business development executive

    ricky.lamey@thomsonreuters.com

      Hallmark
      AM Best
      Rating actions