MASTER TRANSACTION AGREEMENT by and among HALLMARK FINANCIAL SERVICES, INC., HALLMARK SPECIALTY UNDERWRITERS, INC., and Starstone U.S. Holdings, Inc. dated as of October 7, 2022Master Transaction Agreement • October 7th, 2022 • Hallmark Financial Services Inc • Insurance carriers, nec • Delaware
THIS MASTER TRANSACTION AGREEMENT (this “Agreement”) is made as of October 7, 2022, by and among Hallmark Financial Services, Inc., a Nevada corporation (the “Equity Seller”), Hallmark Specialty Underwriters, Inc., a Texas corporation (“HSU” and together with the Equity Seller, the “Sellers” and each, a “Seller”), and Starstone U.S. Holdings, Inc., a Delaware corporation (“Buyer”). Buyer and the Sellers are referred to herein individually as a “Party” and together as the “Parties.”
UNEARNED PREMIUM AND PROSPECTIVE QUOTA SHARE REINSURANCE AGREEMENT by and among HALLMARK SPECIALTY INSURANCE COMPANY, AMERICAN HALLMARK INSURANCE COMPANY OF TEXAS, HALLMARK INSURANCE COMPANY, and HALLMARK NATIONAL INSURANCE COMPANY and STARSTONE...Quota Share Reinsurance Agreement • October 7th, 2022 • Hallmark Financial Services Inc • Insurance carriers, nec • Delaware
This UNEARNED PREMIUM AND PROSPECTIVE QUOTA SHARE REINSURANCE AGREEMENT, dated as of October 7, 2022 (this “Agreement”), is made by and among HALLMARK SPECIALTY INSURANCE COMPANY, an Oklahoma domiciled stock property and casualty insurance company (“HSIC”), AMERICAN HALLMARK INSURANCE COMPANY OF TEXAS, a Texas domiciled stock property and casualty insurance company (“AHIC”), HALLMARK INSURANCE COMPANY, an Arizona domiciled stock property and casualty insurance company (“HIC”), and HALLMARK NATIONAL INSURANCE COMPANY, an Arizona domiciled stock property and casualty insurance company (“HNIC” and, together with HSIC, AHIC and HIC, the “Ceding Companies”), and STARSTONE NATIONAL Insurance Company, a Delaware domiciled stock property and casualty insurance company (the “Reinsurer”). Each of the Ceding Companies and the Reinsurer are sometimes individually referred to in this Agreement as a “party” and together as the “parties.”
