Decision follows broker's review or external advisers

Deloitte has ended its role as auditor of Giles Insurance Brokers and other companies within the group after Giles entered into a tender process.

PricewaterhouseCoopers won the business at the end of May to replace Deloitte. KPMG and Ernst & Young also pitched for the work alongside their rival Big Four firms.

A Giles spokesman said the change was part of a review.

“At the beginning of the year, Giles decided to review its auditors and initiated a formal tender process in February. This is something that is no surprise given where Giles is in its development, ambitious growth plans and change in ownership. Companies frequently review their external advisers every few years,” said the spokesman.

Deloitte filed the letter of resignation to Companies House, dated 30 June 2009, stating: “There are no circumstances connected with our resignation which we consider should be brought to the attention of members or creditors of the companies.”