FORT WORTH, Texas, Nov. 8, 2013 (GLOBE NEWSWIRE) -- Hallmark Financial Services, Inc. (Nasdaq:HALL), ("the Company") today announced the appointment of Michael P. Binns as President of Hallmark Personal Lines. Mr. Binns is charged with leading the Personal Lines business unit which currently offers personal insurance products focused on nonstandard automobile and low value property dwelling coverages across 15 states.
Mr. Binns joins the Company most recently from Healthcare Solutions where he was charged with developing medical management products for the automobile insurance carrier market. Prior to that he held positions focused on personal lines product development and management for The Hanover Insurance Group, AIG Agency Auto/21st Century and Infinity Property & Casualty Corporation. Mr. Binns began his insurance career with the Workers' Compensation Reinsurance Bureau in New York.
Mark J. Morrison, President & CEO of the Company stated, "After a comprehensive search, we are pleased to find a candidate with Michael's substantial knowledge and experience in the nonstandard automobile and personal property markets to take over the leadership role at Hallmark Personal Lines. We are confident Michael will be successful in leading our Personal Lines management team in the extensive effort that began two years ago to return this operating unit to the level of underwriting profitability we have achieved historically, as well as providing the long-term strategic direction for this business going forward."
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."
Forward-looking statements in this Release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation 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, the availability of financing, underwriting loss experience and other risks detailed from time to time in the Company's periodic report filings with the Securities and Exchange Commission.
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