PricewaterhouseCoopers US News

Judge Allows $1B Malpractice Claim Against PwC Over MF Global Collapse

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 Holdings Ltd, a brokerage run by former New …

Troubled Tower Cuts Ties with PwC; Fitch Withdraws Ratings

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 mistakes.” The move comes in the wake of Tower’s disclosure late last …

PwC US Names Managing Director for Actuarial and Insurance Management in N.Y.

PricewaterhouseCoopers US (PwC US) announced that Henry Essert joined PwC’s Actuarial and Insurance Management Solutions (AIMS) practice as a managing director in its New York office. In his new role, Essert will lead the insurance risk practice, where he will …