Beazley expands cyber cover for AI malfunctions and regulatory risks September 24, 2026 FTSE 100 insurance giant Beazley has launched a new cyber line for businesses that insures against unintentional regulatory non-compliance and financial and reputational losses as a result of AI system malfunctions. Speaking to City AM, the speciality insurer’s head of cyber risks, Alessandro Lezzi, said the move comes as the firm sees “AI changing the threat [...]
Cyber insurers consider limiting coverage as sector scrambles to price agentic AI risks September 24, 2026 The cyber insurance market is facing a turbulent time as agentic AI hacks pose new challenges and threats. City AM understands underwriters and insurers are considering limiting coverage until they can quantify the risk this tech poses and price it. Cyber insurance has been a fruitful market over the past few years, with a spike [...]
How AI is forcing the Big Four to rethink graduate training September 23, 2026 The Big Four giants – KPMG, Deloitte, EY, and PwC – have for decades played an important role in shaping the next generation of City workers. As one of the largest graduate trainers in the UK, their approach to restructuring graduate programmes in the age of AI will be crucial to the future of financial [...]
Baker Tilly chief warns Budget may carry ‘pain cost’ for businesses bracing tax changes September 23, 2026 The chief executive of professional services giant Baker Tilly International has warned the upcoming Budget will likely carry a heavy “pain cost” for UK businesses bracing for tax changes. “It’s going to be a ride, isn’t it,” Francesca Lagerberg, Baker Tilly International‘s chief executive told City AM. “The mood music is that it won’t be [...]
Legal AI giant Harvey picks London to lead pro bono push September 22, 2026 Legal AI firm Harvey has chosen London to launch a new product designed to help lawyers tackle pro bono work, as the US-headquartered start-up looks to accelerate its growth into new areas of the legal industry. The new pro bono offering, launched in London and available to Harvey’s customers in the UK, US and Australia [...]
London rakes in record fees from overseas demand for legal services September 22, 2026 London is leading the charge of the British legal sector’s overseas exports which surged by 60 per cent over the past five years, hitting a record of almost £11bn, new data has revealed. According to data from the Law Society, the professional body for 178,000 practising solicitors in England and Wales, London “remains an international [...]
Lloyd’s backs £40m transactional risk MGA targeting private capital September 21, 2026 Syndicates in the world’s leading insurance and reinsurance market, Lloyd’s of London, have agreed to provide up to £40m of risk capital per policy to back a new managing general agent in the City focused on the private capital sector. Alpha TR, a speciality insurance managing general agent (MGA), launched on Monday as a Lloyd’s [...]
Drone strikes and noise disputes: The soaring risks of the global data centre boom September 18, 2026 As data centres scale, consume more power, and draw tighter community scrutiny, insurance risks are becoming increasingly complex. As AI infrastructure grows, so do legal risks: large lawsuits involving data centres more than tripled from four in all of 2021 to 14 in the first half of 2026, according to a Howden report. Planning and [...]
US law firms outpace London rivals in race for larger City offices September 18, 2026 American law firms with offices in London are taking up more space than their homegrown rivals as they push to aggressively expand. Since 2020, more than 70 per cent of the 22 legal firms relocating office in London took up more space as they expanded headcount, with 14 of those US companies, according to new [...]
Why it could now cost more to sack an executive in the UK than FRANCE September 17, 2026 Labour’s overhaul of employment rights, particularly the removal of the unfair dismissal compensation cap, could leave British businesses facing a higher bill for dismissing executives than their European counterparts. As the government pushed its Employment Rights Bill into law, it ditched the £118,000 compensation limit on unfair dismissal claims to appease unions after the House [...]