Latest PwC Headlines
All the headlines from our PwC Topic Page, ordered by recency.
PwC Appoints Delbridge as London Market Insurance leader
Feb 1 2017 // Paul Delbridge has taken on the role of London market insurance leader at PwC. Delbridge is a partner with 30 years’ experience at the firm, including three years in New York, almost all of which has been spent in...
PwC Names Bichard as UK Insurance Leader, Succeeding Howe
Jan 12 2017 // PwC has appointed Jim Bichard to lead its 1,000-person strong UK insurance practice. Bichard succeeds Jonathan Howe, who has led the practice since 2013. Bichard, who has led PwC’s London Market and Broking team...
Reinsurers Welcome Rate Stabilization: S&P-PwC Bermuda Reinsurance Forum
Nov 18 2016 // North American reinsurers may soon see some rate stabilization after a prolonged period of declining premium rates, as they deal with a supply-demand imbalance that has weighed on returns, according to executives at the...
Exxon Heads for Courtroom Faceoff With New York in Climate Change Probe
Oct 25 2016 // Exxon Mobil Corp. is headed to a courtroom in New York for the first time to try to block the state’s demand for accounting documents about how climate change will affect its finances. New York Attorney General Eric...
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports
Sep 19 2016 // The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In separate reports on the...
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports
Aug 24 2016 // The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In separate reports on the...
Judge Rejects PwC Bid to Dismiss $1B Malpractice Suit Over MF Global Collapse
Aug 8 2016 // A federal judge rejected PricewaterhouseCoopers’ bid to dismiss a $1 billion lawsuit accusing the accounting firm of professional malpractice for helping cause the October 2011 bankruptcy of MF Global Holdings Ltd, a...
Insurers Ignore FinTech Revolution at Their Long-Term Peril: PwC
Jun 17 2016 // While 90 percent of insurers fear they will lose business to a FinTech start-up, only 43 percent say they have put FinTech at the heart of their corporate strategies, according to report published by PwC. As customers...
London Re/Insurance Market Faces Risk of Casualty Reserve Shortfall: PwC
May 25 2016 // There is a real risk that casualty reserves for business written in 2015 will run off at a loss in the future, according to PwC’s London re/insurance market review of reserve adequacy. PwC pointed to the fact that...
World Drone Business to Grow More Than 6000% by 2020 in $127B Market: PwC
May 10 2016 // Drones will soon be boosting crop yields, verifying insurance claims, and assisting in future Hollywood blockbusters in a business that’s due to boom by more than 6,000 percent by the end of the decade. The global...
UK Firms ‘Can’t Afford to Ignore’ Cyber Risks, One of Top Business Threats: PwC
Feb 2 2016 // UK companies and institutions remain vulnerable to cyber attacks despite the fact that many CEOs now rank cyber as one of the top threats to their businesses, warns PwC’s Cyber Security practice. Almost...
Online Agency Insureon Adds Hartford, PwC Execs to Leadership Team
Jan 13 2016 // Insureon, an online agency for small business insurance, said it has expanded its leadership team to include Brandon Hickey as president of Insureon Brokerage and Mark Thompson as senior vice president, Product...
PwC UK Raises Desmond Insured Loss Estimates: $375 to $487.5 Million
Dec 8 2015 // Commenting on the impact of Storm Desmond, Mohammad Khan, general insurance leader at PwC UK, stated that the accounting firm’s “current estimate of the damage caused by Storm Desmond is £400 million –...
PwC Concludes South African Insurers Seeking Technology Partnerships
Oct 21 2015 // South Africa’s biggest insurers are considering technology and telecommunications partnerships as they seek ways to improve earnings to counter increased competition and a slowing economy, according to...
Insurers, Bankers Can’t Be Scared Into Doing Right Thing: PwC Survey
Jun 22 2015 // A get-tough approach to poor employee performance, in terms of behavior and reaching targets, risks creating a climate of fear and breeding more unethical conduct in financial services – the opposite of what regulators,...
PwC: Climate Change Is Risk and Business Opportunity
Oct 15 2014 // Competition and regulation push companies to take action to protect themselves from the effects of climate change, not climate science, Jon Williams, partner at global consultancy firm PwC told the Reuters Global Climate...
Accountants to Face Malpractice Claims in Alabama’s Colonial Bancorp Failure
Sep 11 2014 // Accounting firms PricewaterhouseCoopers and Crowe Horwath must face a lawsuit accusing them of professional malpractice and breach of contract for not catching a fraud that led to the 2009 collapse of Colonial Bank, a...
Advice to Bankrupt MF Global Could Cost Accounting Firm $1 Billion
Aug 28 2014 // A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd., a...
Judge Allows $1B Malpractice Claim Against PwC Over MF Global Collapse
Jul 11 2014 // A federal judge on Wednesday rejected PricewaterhouseCoopers’ request to dismiss a $1 billion lawsuit accusing the auditor of providing bad accounting advice that contributed to the October 2011 collapse of MF Global...
Troubled Tower Cuts Ties with PwC; Fitch Withdraws Ratings
May 15 2014 // Tower Group International has fired PricewaterhouseCoopers as its accounting firm, six months after announcing it would restate previously filed financial statements for 2011 and 2012 due to “inadvertent...
