PwC announces revamp of insurance team

PricewaterhouseCoopers LLP (PwC) has revamped its insurance team in response to the introduction of Solvency II.

PwC has announced that it has recruited Tim Edwards, who worked in the FSA’s Solvency II project office, from the financial services watchdog to join its UK insurance group as director.

John Bromfield, partner, PricewaterhouseCoopers LLP, said: "Tim is a recognised expert in the insurance market. His experience and knowledge of Solvency II will greatly complement the existing PwC team and bring significant value to our clients, as they deal with meeting the challenges of Solvency II implementation.”

In a further change to the Solvency II team, Paul Clarke will replace Mark Batten as chairman of PwC’s European Steering Group on Solvency II. Batten will continue to be involved in advising firms on the introduction of Solvency II.

PwC is also delighted to announce the admission of four new partners to the insurance practice: Symon Dawson will be responsible for the risk and finance integration consulting services in the insurance sector with particular emphasis on Solvency II. Matt Nichols will lead the delivery of assurance and advisory services to clients.

Kirsty Ward has been appointed a partner in the insurance accounting advisory services team with a responsibility for helping insurance companies with the changes in IFRS and satisfying the technical reporting requirements of Solvency II under Pillar 3.

And David Wong has joined as a partner in the actuarial and insurance management solutions matters practice with a focus on general insurance clients and the London Market.

PwC UK insurance leader Andrew Kail said: “Together with Tim’s arrival and Paul’s move to the Solvency II team, these changes will bring a further breadth and depth of experience that strengthens our insurance practice, enabling us to enhance the service we provide to our insurance clients during this period of significant regulatory change.”