Hallmark confirms deal with Core Specialty to sell E&S operation for $59.9mn
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Hallmark confirms deal with Core Specialty to sell E&S operation for $59.9mn

Jairo Ibarra
October 07, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Hallmark Financial logo boardroom.jpg

Hallmark Financial has struck a deal to sell its E&S operation to Core Specialty for $40mn in cash, plus a ~$19.9mn consideration for the acquisition costs related to some net unearned premium reserves.

The news follows this publication’s report earlier this week that the companies were in late-stage discussions for Hallmark’s ~$450mn specialty portfolio.

The

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

NewsM&ACore Specialty
jairo ibarra/jairo ibarra ii us.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article