Independent Insurance administrators are reported to be suing the company's auditors, KPMG, for negligence over the collapse of company in 2001.
Reports said the administrators have claimed auditors should have been aware of the gap in Independent's accounts. They intend to sue for damages worth tens of millions of pounds.
It is the second suit to be brought by PriceWaterhouse Coopers (PWC). The first negligence claim was brought against Independent's actuaries Watson Wyatt.
The claim is expected to be served within days, reports said.
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.
