The multi-million pound lawsuits brought against Watson Wyatt by the administrators of Cotesworth and Independent have been dismissed.
In a statement today Watson Wyatt said the claims brought by administrators PricewaterhouseCoopers (PWC) and KPMG had “no merit whatsoever".
The claims were for losses caused “by alleged negligent actuarial work carried out in relation to Independent's technical reserves by Watson Wyatt in its role as reporting actuary”, PWC and KPMG said in February.
Today Watson Wyatt said: “This dismissal at this very early stage confirms our view that these proceedings should never have commenced.
“No payments were made by us in connection to the dismissal of these proceedings.”
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
