The Association of British Insurers (ABI) and the British Bankers' Association (BBA) have appointed KPMG as consultants for a study into a possible merger.
This is good news for auditor and management consultant KPMG which is embroiled in ongoing controversy surrounding Independent Insurance's collapse.
Two weeks ago the Creditors of Independent Insurance Group (CIIG) voted to launch a group litigation order (GLO) against KPMG, the FSA and actuaries Watson Wyatt.
KPMG will report to the governing bodies of the ABI and the BBA later this year.
