Sonja Hutson

People familiar with the plan say this is more urgent now that artificial intelligence threatens to disrupt the industry.

I'm joined by the FT's U.S.

accounting editor, Stephen Foley.

He broke this story.

Hey, Stephen.

So how is PwC set up now and why does its leadership want to change that?

And how does PwC compare with its rivals in this regard?

Yeah.

So what are the changes that PwC is pursuing?

And how is the backdrop of this rise in artificial intelligence playing into the drive to make these changes?

Is there any pushback internally to these moves at PwC?

So given that PwC is not the only firm that's doing this, what impact do you think that integration will have on the industry as a whole?

Stephen Foley is the FT's US accounting editor.

Thanks, Stephen.

Data centers have become so expensive for insurers to cover that they're turning to catastrophe bonds to offload some of the risk.

Basically, it's because there's not enough coverage available for all of the data centers being built.

Here to tell us more about this workaround is the FT's insurance correspondent, Leigh Harris.

Hi, Leigh.

Hi, Sonia.

So what are catastrophe bonds or cat bonds as they are sometimes known?