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

Jairo Ibarra
October 07, 2022
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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

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News M&A Core Specialty
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Jairo Ibarra
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