Independent Insurance's liquidators Pricewaterhousecoopers (PWC) are in serious talks with a potential buyer for loss adjustors Property & Casualty Services (PCS), with sources tipping an announcement this afternoon or early tomorrow.

A PWC spokeswoman confirmed that the liquidators were in "extensive, detailed discussions with a potential buyer" for the company.

An industry source close to PWC said that the deal was expected to be closed within a very short time, with good news for PCS staff for feel that their future is uncertain.

The buyer is not believed to be another loss adjustor.

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