Hallmark Financial Completes Acquisition of Texas Builders Insurance

Hallmark Financial Services Inc., based in Fort Worth, has completed its previously disclosed acquisition of TBIC Holding Corporation, including its wholly owned subsidiaries Texas Builders Insurance Co. and TBIC Risk Management Inc. (collectively referred to as TBIC).

TBIC is an Austin, Texas-based insurance company writing small and middle market workers’ compensation business in Texas. Hallmark funded the $1.6 million required to close the acquisition from available working capital.

Hallmark Financial is an insurance holding company which, through its subsidiaries, engages in the sale of property/casualty insurance products to businesses and individuals.

Source: Hallmark Financial Services Inc.