Hallmark cut from A- and expects $25mn-$35mn loss from Darag LPT arbitration award
Hallmark Financial has been downgraded to B++ (Good) by AM Best, with the Dallas-based insurer lining up a partnership with an A rated carrier as a result and also revealing it is expecting a loss of $25mn to $35mn from an arbitration award in its dispute with Darag over a loss portfolio transfer (LPT).
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