BusinessBusiness RecoveryPwC to sell Independent spin-off

PwC to sell Independent spin-off

Provisional liquidators at PricewaterhouseCoopers say they are selling the company set up to settle outstanding claims left behind by failed insurance firm Independent Insurance.

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: Deadline on Independent deal extended

The company, Aurora Corporate Services, was set up last year after the troubled insurer collapsed, to settle the remaining insurance claims filed before Independent Insurance was liquidated.

According to PwC, there are a number of small companies that are interested in buying the business. The sale of the company would enable Aurora, which already employs 420 people, to expand and deal with more claims.

Provisional liquidator Dan Schwarzmann said: ‘Gaining access to investment capital will allow Aurora’s management and staff to realise their vision to become a major player in the business process outsourcing market.

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