HEADLINES
January 1, 2010
A welcoming introduction to the New Year


September 16, 2009
Aerospace Binding Procedures - Updated


August 6, 2009
Aerospace facilitates producer access for TRIA forms on-line


July 1, 2009
Carrier Change For The State Of Washington


May 1, 2009
Hallmark Insurance Company - New Jersey State Update


December 16, 2008
Hallmark Financial Services, Inc. Announces Retirement Of Curtis Donnell


July 1, 2008
Further Expansion Of Aerospace Facilities.


April 7, 2008
Phoenix Indemnity Insurance Company is changing its name.


January 1, 2008
Aerospace Continues To Expand Underwriting Program With Increased Limits.


September 15, 2007
Aerospace Offers Expedited Binder Processing for Dallas Office Producers.


July 1, 2007
Aerospace Extends Capabilities For Premises Operations Of Airport Tenants And Occupants.


January 10, 2006
Aerospace Announces Acquisition by Hallmark Financial Services, Inc.


 
January 10, 2006
Aerospace Announces Acquisition by Hallmark Financial Services, Inc.
 

Aerospace Holdings, LLC is pleased to announce that it and its various subsidiaries have joined Hallmark Financial Services, Inc. through a definitive acquisition agreement.



Aerospace Insurance Managers, Inc., the principal operating unit of the Aerospace group, markets and services general aviation property and casualty insurance products, with a particular emphasis on private and small commercial aircraft. Aerospace has been in operation since 1999. The transaction was effective as of January 1, 2006.



“We welcome the opportunity to become part of the Hallmark group at this time in our development. Their prestige, strength and facilities give Aerospace the prospects of even more stability and options than ever before for our producers and policyholders.” said Aerospace founder, Curtis R. Donnell. As a wholly-owned subsidiary of Hallmark, Aerospace will continue to provide its customary aviation insurance products and services under the direction of its existing management.



Hallmark Financial Services, Inc. engages primarily in the sale of property and casualty insurance products. The Company's business involves marketing and underwriting of non-standard personal automobile insurance primarily in Texas, Arizona and New Mexico; marketing and underwriting commercial insurance primarily in Texas, New Mexico, Idaho, Oregon, Montana and Washington; third party claims administration; and other insurance related services. The Company is headquartered in Fort Worth, Texas and its common stock is listed on the American Stock Exchange under the symbol "HAF”.



“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. "Hallmark's entry into the general aviation market is part of a continuing strategy to further expand into specialty lines businesses. Aerospace is a comprehensive insurance organization that annually produces approximately $30 million of premium in 44 states through an established network of specialized aviation agents. Aerospace focuses on small aircraft and airports where competition is relatively stable and adequate pricing generally prevails. Aerospace is led by its founder and CEO, Curtis Donnell, who will remain with the company and continue to manage the operations of Aerospace. 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.



For further information, please contact:



Mr. Curtis Donnell, President

Phone: 972-852-1200

Email: curtis@aerospaceim.com





 
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