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  • The financial strength rating of the reinsurance arm of Lehman Brothers was downgraded last week ahead of today's announcement (Mon) that the famous Wall Street investment bank had filed for bankruptcy.
  • The fees collected by PricewaterhouseCoopers (PwC), the administrators of the defunct UK insurer Folksam UK, outweighs the collections made on behalf of creditors by almost £3mn, the latest report to creditors reveals.
  • Following the resignation of its deputy chairman Michael Murphy last month, Quanta Capital Holdings has suffered further setbacks. The insurance company has suffered a 3.3 percent drop in its shares today (21 August) on top of a 9 percent drop last Friday
  • Accountancy firm Price Waterhouse Coopers (PwC) has settled a lawsuit for $225mn with fraud-riddled manufacturing conglomerate Tyco International, over claims that it ignored fraud committed by top executives at the firm.
  • The Securities & Exchange Commission subpoenaed American International Group’s auditor PricewaterhouseCoopers (PwC) last week to examine whether the professional services firm played any role in the allegations of accounting improprieties which have encir
  • Accountancy firm PricewaterhouseCoopers (PwC) has warned general insurers not to underestimate the impact of new International Financial Reporting Standards (IFRS) on their reported results, with “the potential for earnings variability and asset and liabi
  • Embattled insurance giant American International Group has denied suggestions that its 2004 annual statement is being delayed by a refusal from auditors PricewaterhouseCoopers to sign off the firm’s accounts.
  • KPMG is facing a negligence action over its involvement in the collapse of Independent Insurance in 2001, according to reports.
  • Despite the growing popularity of sidecars, executives in the London market are not convinced about their merits, according to findings by PricewaterhouseCoopers (PwC) for its 2006 London Insurance Market survey.
  • Sphere Drake’s 8 July victory in the UK High Court over exposures to workers’ compensation carve-out reinsurance has forced the Lloyd’s broker Stirling Cooke Brown Insurance Brokers Ltd into administration.