Core Specialty, an insurance company, completed the acquisition of the Excess & Surplus Lines operations of Hallmark Financial Services, a diversified specialty property/casualty insurer, for $40m. "Core Specialty’s vision is to become the leading specialty insurer and the Hallmark E&S acquisition continues our very strong progress in our mission. Core Specialty has the capital to take on risk, the underwriting talent in place, a proven and decisive leadership team and a track record of making things happen fast. Collectively and in each of our specialist niche business units, we intend to operate with strong entrepreneurial spirit and drive, speed, agility, and empowered decision-making. Hallmark has done an admirable job of assembling and nurturing this profitable business which strongly complements Core Specialty’s business. The combined businesses are well aligned for continued profitable growth. Hallmark E&S has an excellent team and I would like to welcome Gerald Dupre and all of our new colleagues to Core Specialty," Jeff Consolino, Core Specialty Founder, President and CEO.