A team of Faraday's staff has left to join Heritage Managing Agency.

Heritage managing director Martin Gray confirmed this week that a number of people had been poached from Faraday, including three underwriters and several support staff.

Some of the new staff, who will be focusing on property facultative business, formerly worked with Heritage's Les Rock who left Faraday in May 2001.

Heritage started Syndicate 1200 in July under the leadership of Rock as active underwriter.

Rock had been subject to a time constraint on recruiting people that has recently lapsed, explaining why so many staff have moved at once to Heritage.

Gray said: "Syndicate 1200 is a predominately property facultative syndicate which started this year and will have a stamp capacity of £80m for 2003.

"We believe it is in a very good position with the present market conditions."

In a separate move, commercial underwriter Rod Todd has also left Faraday.

Faraday did not comment on the departures.