EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears May 20, 2025 By Sam Tobin EY failed to spot a major fraud by main shareholders of UAE hospital operator NMC Health in what lawyers for...
FTX Investors Sue Sullivan & Cromwell, Say Law Firm Aided Fraud February 20, 2024 By Justin Wise FTX investors sued Sullivan & Cromwell, accusing the law firm of aiding illicit schemes that helped advance a multi-billion dollar...
Former Wirecard Executives in the Dock as Germany’s Biggest Fraud Trial Begins December 6, 2022 By Jörn Poltz and Christian Kraemer Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany’s...
‘Big Four’ Audit Firms Targeted for Reforms in UK After Spate of Corporate Failures June 1, 2022 By Huw Jones Britain set out sweeping reforms of big company audits on Tuesday after high-profile collapses at builder Carillion and retailer BHS...
EY Sued in UK for Alleged Negligence in Audits of Troubled Hospital Operator, NMC May 2, 2022 The administrators of NMC Health PLC have filed a lawsuit against EY in the United Kingdom for alleged negligence on...
People Moves: McGill and Partners Names Aon’s Mignon Deputy CFO; Lockton’s Pye Joins Miller’s Solicitors PI Team; HDI Promotes Dave as UK Head of Aviation & Space March 22, 2022 This edition of International People Moves details appointments at McGill and Partners, Miller, and HDI Global Specialty. A summary of...
People Moves: AXA XL Promotes De Rosa to Head of Construction & Engineering, Reinsurance; IGI Taps Arch’s Tsielepis as CRO; Aqueous Hires 3 Underwriters February 18, 2022 This edition of International People Moves includes appointments at AXA XL, International General Insurance Holdings and MGA Aqueous Underwriting. A...
KPMG Sued for £1.3B in UK Over Allegations Carillion Audits Were Negligent February 4, 2022 By Katharine Gemmell and Michael Kapoor KPMG LLP was sued for 1.3 billion pounds ($1.8 billion) by the administrators of defunct UK contractor Carillion Plc. over...
MGA Aqueous Secures New Professional Indemnity Capacity From Great American Int’l February 1, 2022 Aqueous Underwriting has secured increased capacity under plans to expand its foothold across the UK professional indemnity insurance market in...
Investors Cannot Sue German Regulator for Wirecard Collapse, Court Rules January 20, 2022 By Karin Matussek Investors who lost money from investing in Wirecard AG shares can’t make Germany’s financial regulator Bafin compensate them, a Frankfurt...