 DALLAS, April 13, 2021 GLOBE NEWSWIRE -- Hallmark Financial Services, Inc. the Company or Hallmark Financial, a property and casualty insurance company comprised of three business segments Specialty Commercial, Standard Commercial, and Personal, today announced that, based on its previously announced evaluation of the separation of the Specialty Commercial business segment, it plans to pursue an initial public offering IPO of a non-controlling ownership stake in the core businesses within the Companys Specialty Commercial business segment, as a separate company named Hallmark Specialty Group, Inc. Hallmark Specialty Group. 