Latest PwC Headlines

All the headlines from our PwC Topic Page, ordered by recency.

UK Financial Services Firms Fear Rise in Loan Defaults: CBI/PwC Survey

Jan 12 2023 // An increasing number of the UK’s financial services firms expect a rise in loan defaults in the next three months, the latest reminder of a gloomy economic outlook.A balance of 23% of respondents to the CBI/PwC...

PwC Sued by Auditor Over Head Injury Suffered During ‘Pub Golf’ Work Event

Aug 23 2022 // An auditor at PricewaterhouseCoopers LLP sued his employer over a serious head injury he suffered during a work event that “encouraged excessive consumption of alcohol.”Michael Brockie alleges in London suit...

People Moves: Chubb Global Markets Promotes Kirk to Head of Marine; WTW Hires PwC’s Tahir Thomson for Risk & Capital Mgmt.; BMS Names 4 Senior Leaders in Asia

Jul 7 2022 // This edition of International People Moves details appointments at Chubb Global Markets and two brokers, Willis Towers Watson (WTW) and BMS.A summary of the new hires follows here. Chubb Global Markets Promotes Kirk to...

People Moves: Pancoast Moves to Ironshore E&S; PwC’s Coggins Leads Actuaries; McLean Joins Lockton from Willis

Nov 8 2021 // Pancoast to Head Ironshore’s E&S Primary CasualtyAdam Pancoast has been named to lead the excess and surplus Primary Casualty business of Ironshore, a Liberty Mutual company. As national manager, E&S...

People Moves: PartnerRe’s Hanhart to AXIS Re; Zurich Names Verkerk to New Role of Chief Platform Officer; PwC’s Maxwell to MS Amlin as CRO

Jul 2 2021 // These International People Moves include appointments at AXIS Re, Zurich Insurance Group and MS Amlin.Details of these new hires follows. AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd., announced...

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. Ed, the...

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 two...

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,...