Hallmark Financial Services, Inc. Announces Agreement to Acquire Aerospace Holdings, LLC

FORT WORTH, Texas, Dec. 13 /PRNewswire-FirstCall/ — Hallmark Financial Services, Inc. today announced that it has executed a definitive agreement to acquire Aerospace Holdings, LLC. Aerospace, through various wholly-owned subsidiaries, including Aerospace Insurance Managers, Inc., markets and services general aviation property and casualty insurance products, with a particular emphasis on private and small commercial aircraft. “We are very pleased to announce the acquisition of Aerospace Holdings, LLC, one of the premier aviation insurance operations in the U. S. today,” stated Mark E. Schwarz, Hallmark’s President and Chief Executive Officer. Mr. Donnell has over 35 years experience in the general aviation market and leads a seasoned team of underwriters and claim adjusters, most of whom have over 20 years experience and are themselves experienced pilots,” Mr. Schwarz continued…..

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