AM Best downgrades credit ratings of Hallmark

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Reinsurance News - May 10, 2023

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “ccc-” (Weak) from “bb” (Fair) and associated Long-Term Issue Ratings (Long-Term IRs) of Hallmark Financial Services, Inc. The ratings reflect Hallmark’s balance sheet strength, which AM Best has assessed as weak, as well a...

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