FORT WORTH, Texas, April 9, 2013 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (Nasdaq:HALL) today announced the resignation of Paul Harrison as the President of the Personal Segment. "Paul has chosen to pursue other interests. We appreciate his contribution to the leadership of our Personal Segment over the last two years. Under Paul's direction, our personal lines management team has been working diligently to turnaround this business segment," commented Mark Morrison, the Company's President & CEO. "Through their collective efforts, they have made great progress and we expect this improvement to carry on."
Kevin Kasitz, the Company's Chief Operating Officer, will serve as interim President of the Personal Segment while the Company searches for a permanent replacement. Mr. Kasitz stated, "Hallmark is committed to our agency partners in the personal lines segment. We will continue the initiatives Paul and his management team have implemented to improve our product and service offering."
About Hallmark Financial Services, Inc.Hallmark Financial Services, Inc. is an insurance holding company which, through its subsidiaries, engages in the sale of property/casualty insurance products to businesses and individuals. Hallmark's business involves marketing, distributing, underwriting and servicing commercial and personal lines of property/casualty insurance products, as well as providing other insurance related services. Hallmark is headquartered in Fort Worth, Texas and its common stock is listed on NASDAQ under the symbol "HALL." The Hallmark Financial Services, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4395 Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, interest rate trends, general economic conditions, the availability of financing, underwriting loss experience and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
CONTACT: Mark J. Morrison, President and Chief Executive Officer 817.348.1600 www.hallmarkgrp.com
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV