Faraday chief underwriting officer (CUO) Michael Lange is to leave the Lloyd's underwriter just six months after joining from Cox.
A Faraday source said: "The CUO role hasn't worked out and we expect Lange to leave sometime in November."
Faraday has yet to decide whether it will be appointing a new CUO to replace Lange.
Lange was formerly chief executive of Cox's commercial division before he joined Faraday.
While at Cox, Lange was responsible for managing the run-off of the insurer's commercial division.
Lange left Cox in May after the successful completion of the first phase of the run-off.
Prior to joining Cox, Lange was vice president of Chubb Europe, based in London.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
