The New Digital Normal and the Future of Work in Reinsurance October 6, 2020 By L.S. Howard It’s been said that necessity is the mother of invention. That proverb was illustrated perfectly during the insurance industry’s successful...
Pandemic Economic Uncertainty Could See Insurers Buying, Partnering with Insurtechs October 5, 2020 Insurance carriers could increasingly target insurtechs for acquisition and partnerships in the coming months due to pandemic-related economic uncertainty, according...
Wirecard Hires Forensic Investigator, Say Sources. Findings Could Aid in D&O Litigation. July 21, 2020 By Arno Schuetze and Alexander Hübner German payments company Wirecard has hired Alix Partners for a forensic investigation of the accounting scandal that led to its...
UK Watchdog Urges Big 4 Accounting Firms to Challenge Clients as Audit Quality Slides July 15, 2020 By Hugo Miller and Michael Kapoor The dominant accounting firms must do a better job of challenging their clients in order to reach a satisfactory level...
UK Accounting Watchdog Asks Big Four to Ring-Fence Audit Practices July 6, 2020 By Aoife White The UK dominant accounting firms must separate their audit units from other businesses by June 2024 as the country’s accounting...
From Enron to Wirecard – Big 4 Accounting Firms Still Face Systemic Problems July 2, 2020 By Ellen Milligan and Hugo Miller Two decades of financial disasters from Enron Inc.’s collapse in 2001 to Wirecard AG’s meltdown have left the Big Four...
New York Taps McKinsey to Develop ‘Trump-Proof’ Economic Reopening Plan April 16, 2020 By Jarrett Renshaw New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic reopening of...
P/C Insurers Expect Smaller M&As to Continue in 2020 March 13, 2020 Despite a sharp decline in M&A activity in 2019 and continuing economic uncertainty, more than half of the property/casualty insurance...
Report Urges Insurers to Eye Impact of Climate Change on Underwriting, Investments November 21, 2019 By Don Jergler Insurers can no longer put off addressing the impact of climate change on their underwriting, pricing, and investment decisions, as...
Cybersecurity Costing Large Financial Firms $3,000 Per Employee: Survey May 2, 2019 By Yalman Onaran Big banks and other financial firms spend as much as $3,000 per employee to defend computer networks from cyber criminals,...