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The Hartford’s Robinson latest to resign from financial lines team

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Head of international financial lines at The Hartford David Robinson has resigned amid an exodus of talent from the financial lines team in London, Insurance Insider can reveal.

The former Chubb executive joined the business only last November but will leave in April 2022 to pursue a new opportunity.

He is the latest member of the financial lines team to resign in London, where there has been huge competition for talent, amid hard market conditions and an influx of start-up businesses.

Both Steve Pearsall and David Mulvaney are leaving The Hartford to rebuild the D&O team at Hiscox.

Ray Pallett, the head of financial institutions, left earlier in the year to join Convex, before taking up a role at start-up Tegron Specialty, whose CEO Paul Shore is also a former The Hartford staffer.

Meanwhile, Willis Towers Watson’s Mitchell McBain had agreed to join the management liability team at The Hartford but was then lured to Ascot Bermuda to head up the D&O operation.

The financial lines market underwent a transformational year in 2020, but, following a drastic re-rating, price rises are beginning to slow thanks to increased competition from new start-ups.

The Hartford confirmed Robinson would be leaving the company next April.

A spokesperson said: “Ensuring a smooth transition and continuing to provide the stellar support services to our broker partners The Hartford is known for is our top priority.

“We are committed to protecting our clients around the world and providing innovative solutions tailored to their unique needs.

“Our deep bench of talented underwriters continues to focus on handling new and emerging risk while delivering the quick turnaround needed to feel confident in the coverage they are providing.”

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