Core Specialty picks Hallmark's Moore to lead D&O business

Core Specialty Insurance Holdings has hired Stephen Moore as president of directors & officers (D&O) management professional liability division.

Most recently, Moore was vice president at Hallmark Financial Services and brings over 20 years of experience across the D&O liability, fiduciary liability, surety, employment practices liability and private equity lines of business for publicly traded, private and not-for-profit organisations.

Prior to Hallmark, he worked with RLI and AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings.

Jeff Consolino, president and chief executive officer of Core Specialty, said: "We are excited that Stephen Moore has joined Core Specialty to lead our D&O business unit. More careful limits management on the part of incumbent carriers has resulted in the need for additional market capacity and market sources indicate that the third quarter of 2020 was the 11th consecutive quarter of year-over-year price improvement for D&O at a time when terms and conditions are also improving.

"Our D&O business achieved rate increases of approximately 50 percent through the first nine months of 2020, and we are pleased to have Stephen's leadership in this market."