BNET Industries
Market Cap:$151.2M
Last Fiscal Year Sales:$274.4M
- Public
- US
Dow Jones Description
Provider of Automobile Insurance
President, Non, Standard AutoBrookland Davis
Number of Employees 329
Contact Information
777 Main Street
Suite 1000
Fort Worth, Texas 76102
(817) 348-1600
Peer Companies
NAICS Code Other Direct Insurance (except Life, Health, and Medical) Carriers: 524128
Recent Events
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Hallmark Financial Q1 profit declines
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A.M. Best Affirms Ratings of Hallmark Insurance Group
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Specialty Underwriters' Alliance, Inc. Highlights New Reasons Why Stockholders Should Reject Hallmark Board Slate
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Hallmark Financial Services, Inc. Announces Fourth Quarter and Fiscal Year 2008 Earnings Results
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Hallmark Financial Services Announces Slate of Director Nominees for Specialty Underwriters' Alliance
News & Analysis
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hallmark financial services inc. - All News and Analysis
A.M. Best Affirms Ratings of Hallmark Insurance Group
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A- Excellent and issuer credit ratings ICR of âa-â of Hallmark Insurance Group (Hallmark...
Specialty Underwriters' Alliance Responds to Hallmark's Continued Campaign of Misinformation
CHICAGO, April 30 /PRNewswire-FirstCall/ -- Specialty Underwriters' Alliance, Inc. ("SUA" or the "Company") stressed that Hallmark Financial Services, Inc.'s ("Hallmark") most recent press release which highlighted a report by Proxy Governance, a leading proxy advisory firm, mischaracterized the facts and failed to mention that Proxy Governance recommended...
Hallmark Financial Services, Inc. Files With the Illinois Division of Insurance to Acquire up to 50% of the Common Stock of Specialty Underwriters' Alliance, Inc
CHICAGO, April 29 /PRNewswire-FirstCall/ -- Specialty Underwriters' Alliance, Inc. ("SUA" or the "Company") announced today that on March 30, 2009, Hallmark Financial Services, Inc. ("Hallmark") filed a Form A with the Illinois Division of Insurance to gain approval to acquire up to 50% of the Company's outstanding...
Hallmark Reiterates The Need For Change At Specialty Underwriters'
Urges Stockholders to Elect Hallmark's Seasoned, Insurance Experienced Slate of Independent Director Nominees in Responding to Additional Proxy Advisory Report FORT WORTH, Texas, April 28 /PRNewswire-FirstCall/ -- Hallmark Financial Services, Inc. today reiterated the need for change at Specialty Underwriters' Alliance, Inc. . Hallmark urged...
Another Leading Proxy Advisory Firm Recommends Rejection of Hallmark's Slate in Specialty Underwriters' Alliance, Inc. Proxy Contest
CHICAGO, April 27 /PRNewswire-FirstCall/ -- Specialty Underwriters' Alliance, Inc. ("SUA") announced today that Proxy Governance, Inc., a leading independent proxy advisory firm, has recommended that stockholders vote for SUA's current slate of directors set forth on the WHITE proxy card and not to vote for the nominees recommended...
RiskMetrics Group Recommends Specialty Underwriters' Alliance Stockholders Vote for Robert M. Fishman, Mark E. Pape and C. Gregory Peters
Important support for the need for change at Specialty Underwriters' FORT WORTH, Texas, April 27 /PRNewswire-FirstCall/ -- Hallmark Financial Services, Inc. announced today that RiskMetrics Group, the nation's leading proxy advisory firm, has recommended that stockholders of Specialty Underwriters' Alliance, Inc. vote the GOLD proxy...
Specialty Underwriters' Alliance, Inc. Highlights New Reasons Why Stockholders Should Reject Hallmark Board Slate
CHICAGO, April 27 /PRNewswire-FirstCall/ -- Specialty Underwriters' Alliance, Inc. ("SUA" or the "Company") announced today that the Company is currently distributing a letter to stockholders in response to the proxy contest being waged by Hallmark Financial Services, Inc. The text of the letter can be seen...
Hallmark Financial Issues Letter to Stockholders of Specialty Underwriters' Alliance
FORT WORTH, Texas, April 24 /PRNewswire-FirstCall/ -- Stockholders of Specialty Underwriters' Alliance, Inc. should expect to receive by mail as early as today the following letter dated April 22, 2009 from Hallmark Financial Services, Inc. . The letter has also been posted to http://www.suaitownhall.com/. ATTENTION...
Specialty Underwriters' Alliance, Inc. Urges Stockholders to Reject Election of Hallmark Board Slate
CHICAGO, April 21 /PRNewswire-FirstCall/ -- Specialty Underwriters' Alliance, Inc. ("SUA" or the "Company") announced today that the Company is currently distributing a letter to stockholders in response to the proxy contest being waged by Hallmark Financial Services, Inc. The text of the letter to stockholders can...
Leading Independent Proxy Advisory Firm Supports Specialty Underwriters' Alliance, Inc. in Its Proxy Contest Against Hallmark Financial Services, Inc
CHICAGO, April 17 /PRNewswire-FirstCall/ -- Specialty Underwriters' Alliance, Inc. ("SUA" or the "Company") announced today that Glass Lewis & Co., a leading independent proxy advisory firm, has recommended that stockholders vote the WHITE proxy card and do not vote for the nominees recommended by dissident stockholder Hallmark Financial...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Brookland Davis | President, Non, Standard Auto |
| Gregory P. Birdsall | CIO |
| Jeffrey R. Passmore | Chief Accounting Officer, Principal Finance Officer & Senior Vice President |
| Richard N. Gibson | Chief Actuary |
| Scott Berlin | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| George R. Manser | Board of Directors |
| James C. Epstein | Board of Directors |
| James H. Graves | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| American Hallmark Insurance Company of Texas | President | Current |
| Hallmark Financial Services, Inc. | President, Non, Standard Auto | Current |
| KPMG International | Senior Manager | Former |
| KPMG International | Supervising Senior Tax Specialist | Former |
Gregory P. Birdsall joined the company March 24, 2003 as the Chief Information Officer, responsible for technology solutions for the Hallmark family of companies. Mr. Birdsall came to the company from the position of 2nd Vice President of Application Architecture at Lincoln Financial Advisors, Inc, a subsidiary of Lincoln Financial Group Inc. Mr. Birdsall brings 16 year of Insurance-related IT experience to the company. Previously, he had served 3 years as Vice President of Systems Development for E.W. Blanch, a reinsurance intermediary, and served over 10 years with Gulf Insurance Group, a subsidiary of Travelers Insurance where he was the Director of IT Architecture. Prior to that, Mr. Birdsall developed Property and Casualty Insurance software for Equifax Insurance Services, Inc.
| Organization | Position | Status |
|---|---|---|
| Hallmark Financial Services, Inc. | CIO | Current |
| Lincoln Financial Group | Vice President | Former |
| Lincoln Financial Advisors Corporation | Vice President | Former |
| Gulf Insurance Group | Former |
Jeffrey R. Passmore has served as Senior Vice President and Chief Accounting Officer of the Company since June, 2003, and previously served as Vice President of Business Development for the Company. Prior to joining the Company in November, 2002, Mr. Passmore had since 2000 served as Vice President and Controller of Benfield Blanch, Inc. and its predecessor E.W. Blanch Holdings, Inc., a reinsurance intermediary. From 1998 to 1999, he served E.W. Blanch Holdings, Inc. as Assistant Vice President of Financial Reporting. From 1994 to 1998, he was a senior financial analyst with TIG Holdings, Inc., a property and casualty insurance holding company. Mr. Passmore began his career as an accountant for Gulf Insurance Group from 1990 to 1993. Mr. Passmore is a certified public accountant licensed in Texas.
| Organization | Position | Status |
|---|---|---|
| Hallmark Financial Services, Inc. | Chief Accounting Officer, Principal Finance Officer & Senior Vice President | Current |
| Hallmark Financial Services, Inc. | Board of Directors | Current |
Richard N. Gibson joined the Company and became Chief Actuary in February 2003. Mr. Gibson is a Fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries. He has over twenty years of experience in the property and casualty insurance industry. Prior to joining the Company, he was President of Summit Ridge Actuarial Consulting. Previously, he was Assistant Vice President of Actuarial Services for California State Auto Association. He also served as Vice President and Chief Actuary for Personal Lines at TIG Insurance.
| Organization | Position | Status |
|---|---|---|
| Hallmark Financial Services, Inc. | Chief Actuary | Current |
George R. Manser is Chairman of Concorde Holding Co. and CAH, Inc. LLC, each a private investment management company. From 1991 to 2003, Mr. Manser served as a director of State Auto Financial Corp., an insurance holding company engaged primarily in the property and casualty insurance business. Prior to his retirement in 2000, Mr. Manser also served as Chairman of Uniglobe Travel (Capital Cities), Inc., a franchisor of travel agencies; as a director of CheckFree Corporation, a provider of financial electronic commerce services, software and related products; and as an advisory director of J.C. Bradford & Co. From 1995 to 1999, Mr. Manser served as the Director of Corporate Finance of Uniglobe Travel USA, L.L.C., a franchisor of travel agencies, and also served as a director of Cardinal Health, Inc. and AmerLink Corp. From 1984 to 1994, he also served as a director and Chairman of North American National Corporation and various of its insurance subsidiaries.
| Organization | Position | Status |
|---|---|---|
| Hallmark Financial Services, Inc. | Board of Directors | Current |
| Cardinal Health, Inc. | Director | Former |
| CheckFree Corporation | Director | Former |
| State Auto Financial Corporation | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Hallmark Financial Services, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Detwiler, Mitchell & Co. | Vice Chairman & COO | Current |
| Bankcap Partners | Managing Director of Erwin | Current |
| Cashland | Managing Director and Partner | Current |
| Superpawn, Inc. | Managing Director and Partner | Current |
| Erwin, Graves & Associates | Managing Director and Partner | Current |
| Detwiler & Co., Inc. | Director and Vice Chairman | Current |
| Bankcap Partners | Board of Directors | Current |
| Cash America International, Inc. | Board of Directors | Current |
| Hallmark Financial Services, Inc. | Board of Directors | Current |
| Superpawn, Inc. | Board of Directors | Current |
| Cashland | Board of Directors | Current |
| Detwiler & Co., Inc. | Managing Director | Former |
| Dean Witter Reynolds | Head of the Energy Group | Former |
| FINRA | Former | |
| Citibank | Former | |
| Detwiler, Mitchell & Co. | Director | Former |
| Detwiler & Co., Inc. | Director | Former |
| Trinity College | B.A. Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Brown Gibbons Lang & Company LP | Managing Director & Principal | Current |
| Select Pain Procedure Center | Current | |
| Pinnacle Partners In Medicine | Current | |
| Hallmark Financial Services, Inc. | Director | Current |
| New York Medical College | M.D. | Former |
| Miami University | BS | Former |
| Case Western Reserve University | B.A. | Former |
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