FREE ESSAY ON HISTORY OF THE KWASHA-LIPTON GROUP

HISTORY OF THE KWASHA-LIPTON GROUP

I. The History of Kwasha-Lipton (Pricewaterhouse-Coopers)
a. How Were They Formed
Two actuaries created Kwasha Lipton in 1944 one was named Kwasha and the other Lipton who
assisted companies with their pensions. The firm recently advised Fortune 500 firms such
as Bell Atlantic, RJR Nabisco and Bank of America on everything from pensions and 401(k)
retirement plans to medical insurance, and it administers the plans. More large companies
are moving toward outsourcing their (benefits) plans, allowing their (human resources)
departments to focus on important issues like hiring workers, company organization and
employee relations. Kwasha-Lipton's annual revenue was more than $250 million at the
time. In 1997 Kwasha-Lipton merged with the H/R dept of Coopers and Lybrant to form the
Coopers-Kwasha combination which was among the top benefits firms in the country. In 1998
however Coopers and Lybrant merged with Pricewaterhouse forming Pricewaterhouse-Coopers.
These two mergers have created one of the most experienced benefits consulting firms in
the world. 
b. Where Are They
Pricewaterhouse-Coopers is an international company, which operates, internationally in
over one hundred and fifty locations worldwide and continues to grow at an impressive
rate. Chances are no matter where in the world you are they are just around the corner.
c. Who Are Their Officers
Nicholas G. Moore
Chairman
James J. Schiro
CEO
Peter Smith
Global Industries Leader
Rolf Windmoller
Global Geography Leader
Willard W. Brittain
Global Service Line Leader
William O'Brien
Global Human Resources Leader
Geoffrey Johnson
Global Operations Leader
Ian Brindle
Global Risk Management Leader
d. Mergers and Acquisitions 
Kwasha-Lipton has come a long way from where they were. They are now part of one of the
most successful corporations in the world. This is as a result of merging with Coopers
and Lybrant and thusly they merged with Pricewaterhouse.
II. Major Functions of Pricewaterhouse-Coopers
a. What is the Nature of Their Business
Pricewaterhouse-Coopers offers a full range of advisory services to global, national, and
local businesses, corporations and institutions. These services include, but are not
limited to audit, accounting and tax advice. IT as well as HR consulting, as well as
financial advisory services which include mergers & acquisitions, business recovery,
project financing and litigation support. In addition the also feature business
processing outsourcing services and legal support through their network of law firms
which specialize in over 22 different industries.
b. What Are They a Carrier, a Broker, or a Consultant 
The answer quit simply is that they are one of the worlds largest financial consulting
companies in the world.
c. What is Their Involvement in the Insurance Industry Today
Their retirement, health, casualty and life benefit/insurance consultants help you design
and administer benefit plans and insurance arrangements to reduce risk and cost, increase
benefit values and comply with regulatory standards. By leveraging their industry
experience and deep technical knowledge, they assist their clients in designing and
monitoring benefits plans that support overall HR policies and strategies.
III. Career Paths at Pricewaterhouse-Coopers
a. Positions Available 
Global HR Solutions 
With a consulting and solutions oriented practice, Global HR Solutions (GHRS) offers an
integrated array of human resource and insurance management services. They target
top-ranked national and global companies within five distinct sectors: 
Actuarial Benefits and Insurance (ABI)
ABI works closely with their clients to design and administer their company benefit and
insurance plans. Their goal is to reduce client risks and costs as well as increase
benefit values all the while complying with regulatory standards. To do this, they
leverage their expertise and technical knowledge gained in the retirement, health, and
insurance industry markets. They have expanded these capabilities across international
boundaries to establish ABI as a global service capable of helping their clients
everywhere do business. 
Human Resources/Benefits Outsourcing (HRO)
HRO administers human resources data, management information and employee work-life
issues better and less expensively than employers can. Their human resources and benefits
consulting competencies, as well as our technical and customer service capabilities have
made us the outsourcing service of choice among leading companies. Their aim is to align
our data stream to human-resources-consulting templates and methodologies to form a true
knowledge management service. 
b. Continued Education
Ultimately, it's about the power of knowledge they believe their ability to shape it as
well as share it with their clients. They seek the best minds to carry on a tradition of
thought leadership unsurpassed in the professional services industry. That's why they
create a learning contract between you and Pricewaterhouse-Coopers a joint commitment to
your professional development. At every stage of your career, they'll clearly define the
competencies you'll need for success, and provide you with leading edge training programs
to develop and master them. 
c. Internship Programs
They have undergraduate (entry-level) opportunities in each of the following Service
Lines: 
? Audit, Assurance and Business Advisory Service 
? Financial Advisory Services 
? Global HR Services 
? Management Consulting Services 
? Tax and Legal Services 
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