Hallmark Financial Services Inc.

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.

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.

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.

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.