US-based Hallmark Financial Services has expanded its primary and excess liability product portfolio with the introduction of new product for public entities.
The new product will provide excess and surplus lines insurance, and will be distributed exclusively via designated wholesale brokers.
It will also cover excess programs for all types of public entity risks, including cities, counties, utilities and intergovernmental risk pools.
In addition, the product offerings will comprise of excess follow form contracts, quota share agreements and reinsurance placements on a nationwide basis.
Hallmark primary and excess casualty operating unit president James Damonte said: "This new product complements our long standing transportation-focused Excess & Umbrella business.
"It also builds on the recently released additional capabilities on E&S-focused Primary General Liability as well as increased capacity (up to $10m) for light E&S-focused Excess and Umbrella business covering a broad spectrum of classes."
Public entity insurance specialist Richard Wilson will oversee the new product.
Based in Fort Worth, Texas, Hallmark provides specialty property and casualty products to its customers. The firm underwrites about half a billion dollars annually in commercial and personal insurance premiums in select markets.
Image: The new public entity product will provide excess and surplus lines insurance. Photo: courtesy of Stuart Miles / FreeDigitalPhotos.net.