Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

PwC sued by investors of Brazilian reinsurer accused of fraud

January 26, 2023 Reprints

Investors in state-controlled reinsurer IRB Brasil Resseguros S.A. have sued U.K.-based audit firm PricewaterhouseCoopers LLP for allegedly overlooking fraud when reviewing IRB’s balance sheets, The Brazilian Report reported. IRB’s shares plummeted 98% between 2019 and 2022 after an independent asset manager discovered the fraud, which lead to 95 million Brazilian reals ($18.2 million) in losses.

1. Nearly $8 billion lawsuit against Sony approved for trial
2. Sompo International posts underwriting income of nearly $341 million
3. Bulgaria’s watchdog probes SDI Group’s takeover by Acrisure
4. Aon sues Howden over employee poaching
5. Blast at chemical factory kills seven
6. Dockworkers refuse to offload Tesla cars at Swedish ports

Help

PwC sued by investors of Brazilian reinsurer accused of fraud

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources