Hallmark financial announces intent to pursue ipo of its specialty commercial business

Dallas, april 13, 2021 (globe newswire) -- hallmark financial services, inc. (the “company” or “hallmark financial”), a property and casualty insurance company comprised of three business segments (specialty commercial, standard commercial, and personal), today announced that, based on its previously announced evaluation of the separation of the specialty commercial business segment, it plans to pursue an initial public offering (“ipo”) of a non-controlling ownership stake in the core businesses within the company's specialty commercial business segment, as a separate company named hallmark specialty group, inc. (“hallmark specialty group”).
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