Latest PwC Headlines
All the headlines from our PwC Topic Page, ordered by recency.
PwC to Create 100,000 New Jobs to Help Clients Grappling with ESG Reporting
Jun 16 2021 // Accounting firm PwC said on Tuesday it would invest $12 billion over five years to create 100,000 new jobs aimed at helping its clients grapple with climate and diversity reporting and also in artificial intelligence, as...
People Moves: Howden’s Rahmita Price to Ed Asia; 3 Price Forbes Hires; WTW’s Pires to NFP; Tres to Carpenter; PwC’s Eastman to Specialist Risk Group
May 19 2021 // This wrap-up of international People Moves details recent appointments at Ed Broking, Price Forbes, NFP, Guy Carpenter & Co., and Specialist Risk Group (SRG). A summary of these new hires follows here. Elia Rahmita...
PwC Announces Hybrid Post-COVID Working Model for UK Staff
Apr 5 2021 // PricewaterhouseCoopers will give UK staff Friday afternoons off this summer and allow them to choose the amount of time they spend working from home as part of a post-pandemic shakeup of working patterns. The accountancy...
Insurance M&A Rebound to Continue Into 2021: PwC
Dec 22 2020 // Insurance mergers and acquisitions (M&A) rebounded from COVID-19 challenges in the second half of 2020. The trend should continue well into 2021 as companies unload non-core assets and purse cost-effective advancements...
UK Watchdog Urges Big 4 Accounting Firms to Challenge Clients as Audit Quality Slides
Jul 15 2020 // The dominant accounting firms must do a better job of challenging their clients in order to reach a satisfactory level of audit quality, the industry’s UK watchdog said. The so-called Big Four — KPMG, Deloitte,...
Facebook Opposes Release of Privacy Reports Used to Settle Litigation
Apr 18 2019 // Facebook Inc. will seek to block disclosures from years’ worth of privacy reports it submitted to the U.S. Federal Trade Commission, according to filings in a lawsuit seeking the release of information in the...
PwC to Pay $335 Million to Settle Negligence Claim Over Colonial Bank Audits
Mar 19 2019 // A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of “professional negligence,” after saying the auditor should have identified problems leading to...
Claims Technology Firm Snapsheet Names PwC’s Yoder as President
Sep 27 2018 // Virtual claims technology firm Snapsheet has appointed insurance industry veteran Jamie Yoder as president. Yoder will lead activities across Snapsheet’s business lines, including virtual appraisals, fleet and rental...
UK Regulators, Lawmakers Get Tough on ‘Poor Performance’ of Big 4 Auditing Firms
Jun 19 2018 // The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile corporate collapses. Over...
Cyber Insurers Say Underwriting Is Profitable, For Now
May 7 2018 // Carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance to manage their exposures, PwC found in a global survey of specialist writers. The consulting...
Insurers Say Cyber Insurance Underwriting Is Profitable for Now: PwC
Apr 26 2018 // Carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance to manage their exposures, PwC found in a global survey of specialist writers. The consulting...
The Lowdown: What PwC is Saying About Sleepless, Yet Optimistic, CEOs
Apr 4 2018 // This week’s Lowdown highlights the concerns of insurance CEOs, as reported by PwC in their 21st CEO Survey. According to the study, there remains a great deal of angst around technology but industry leaders joined in...
Ukraine’s Largest Bank, PrivatBank, Files $3B Lawsuit Against PwC Subsidiaries
Apr 2 2018 // Ukraine’s largest bank, PrivatBank, said on Monday [April 1] it had filed a $3 billion lawsuit against the Ukrainian and Cypriot subsidiaries of international accounting firm PwC for alleged breaches during audits of...
Cyber Attacks Pose Greatest Threat to UK Businesses, Investors: PwC Survey
Feb 26 2018 // Investors and chief executives say cyber attacks pose the greatest threat to businesses operating in the U.K., outweighing other material risks including populism, trade protectionism and over-regulation, according to...
AIG Taps Barron from PwC as Head of International Government Affairs
Jan 19 2018 // American International Group (AIG) announced that Ed Barron will join the company as head of International Government Affairs, effective March 2018. In this new role, Barron will be responsible for developing a cohesive,...
Robots Could Steal 32% of Jobs in UK Financial Services by 2030: PwC
Mar 24 2017 // Approximately 32 percent of existing UK jobs in financial services and insurance could be automated by robotics and artificial intelligence (AI) over the next 15 years, according to a new study by...
PwC Settles Negligence Claim Over MF Global Collapse
Mar 24 2017 // PricewaterhouseCoopers LLP has settled a $3 billion negligence lawsuit over the October 2011 collapse of MF Global Holdings Ltd, the futures and commodities brokerage once run by former New Jersey governor Jon...
PwC Develops Blockchain Prototype for London Market Claims
Mar 7 2017 // PwC has created a working blockchain prototype for the London Market’s Target Operating Model (TOM) Innovation Exchange, which demonstrates how the technology can support claims bordereau management processes, the...
PwC’s Oscars Screw-Up Could Risk Defense at MF Global Malpractice Trial
Mar 3 2017 // PricewaterhouseCoopers LLP’s epic screw-up at the Oscars could carry a high cost if jurors arrive at a malpractice trial next week suspecting the global accounting firm is error-prone. Until a PwC accountant handed...
Insurance CEOs More Concerned Than Others About Disrupters: PwC
Feb 14 2017 // Insurance CEOs are more concerned than leaders in other industries about combined disruptive threats to their revenue growth prospects, according to findings from the 20th annual “PwC Global CEO Survey.” PwC...
