Specialty insurance carrier Core Specialty has added Stephen Moore as president, directors & officers management professional liability.
Moore most recently served as vice president at Hallmark Financial Services and holds over 20 two decade’s experience across D&O liability, fiduciary liability, surety, employment practices liability and private equity lines.
Prior to Hallmark, Moore was with RLI and AXIS Insurance, the specialty insurance business segment of AXIS Capital.
Commenting on Mr. Moore’s appointment, Jeff Consolino, President and Chief Executive Officer, 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% through the first nine months of 2020, and we are pleased to have Stephen’s leadership in this market.”