By: Maria Ward-Brennan

Professional Services Editor Maria Ward-Brennan is the Professional Services Editor at City AM, focused on law, Big Four, and other management and accounting consulting firms. She was previously a litigation reporter at The Lawyer. Contact her via email at maria.ward-brennan@cityam.com or X (Twitter) @MariaW_B.

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Ageing workforce puts London’s specialty insurance sector at risk

February 5, 2026

London’s specialty (re)insurance market employs around 61,000 people, but despite this, the sector is facing a ‘critical’ talent shortage. According to data from the trade body, the London Market Group (LMG), that headcount is up 3 per cent since 2022, but the sector is expected to require around 82,200 by the end of 2034. The [...]
Anthropic’s new tool raises bar for legal AI startups

February 5, 2026

A dramatic shift is underway in the legal tech landscape as AI advancements disrupt traditional industry leaders. This comes as the traditional research and analytics software businesses saw billions wiped out from their market share this week after Anthropic announced its new AI. San Francisco-based AI giant Anthropic, the firm behind chatbot Claude, revealed on [...]
‘Investors are nervous’ – will Google and OpenAI follow Anthropic with legal tools?

February 4, 2026

Anthropic’s release of a legal plugin was “inevitable,” says the CEO of legal AI firm Wexler, who adds that investors’ surprising reaction may be due to nerves and a desire to find a reason to sell. Tech giant Anthropic unveiled a new tool aimed directly at in-house lawyers on Tuesday, but the move rattled investors, [...]
Zurich to acquire Beazley in landmark £8bn specialty insurance merger

February 4, 2026

Following two previous rejections last month, Lloyd’s of London underwriter Beazley has confirmed in a joint statement on Wednesday morning that it has reached an agreement in principle with Zurich. The offer proposed by Zurich has a total value of 1,335 pence per share. This is composed of a 1,310p cash payment from Zurich and [...]
FTSE 100 Live: Beazley seals $15bn Zurich deal, Santander in $12bn takeover

February 4, 2026

Good morning and welcome back to the City AM liveblog. Shares in Europe’s biggest data, publishing and legal software groups slumped on Tuesday after AI giant Anthropic unveiled a new tool aimed directly at in-house lawyers. The move rattled investors who had long viewed the sector as an AI winner. In London, Relx fell close [...]
Political uncertainty leaves British businesses only planning year-to-year

February 4, 2026

Businesses are seeing political change and regulatory uncertainty as a barrier to long-term workforce planning, making it harder for leaders to implement effective workforce strategies. Nearly 80 per cent of employers find themselves unable to look beyond a 12-month horizon, according to a survey of nearly 700 employers by law firm Lewis Silkin. Lucy Lewis, [...]
AI-driven workforce fuels private equity surge in sports

February 3, 2026

The influx of businesses investing in AI is a key factor driving the surge in private equity (PE) within the leisure and sports sector, as sports is the new luxury. Cleary Gottlieb partner Tihir Sarkar explained to City AM, “With day-to-day activities being taken over by AI, there’s going to be a lot more time for participation [...]
Yoghurt giant Muller takes on HMRC over corporation tax in legal battle

February 3, 2026

The makers behind Muller Corner and Muller Rice are taking the UK tax authorities to court over a long-running dispute about corporation tax. Muller UK and Ireland Group, Muller Dairy UK, Robert Wiseman and Sons, and TM UK Production are in a battle with HMRC over whether a company can claim tax breaks on ‘goodwill’ [...]
ICO opens probe into Elon Musk’s Grok AI over sexualised content

February 3, 2026

The Information Commissioner’s Office (ICO) has opened investigations in relation to the Grok AI system and its potential to produce harmful sexualised image and video content. The probe into the tech tool owned by Elon Musk’s Internet Unlimited Company (XIUC) and X.AI comes after the chatbot made headlines last month over the generation of explicit, [...]
Mandelson eyes ‘outsider’ role after quitting Labour over Epstein fallout

February 3, 2026

Lord Peter Mandelson had declared a “sea change” in his career after resigning from the Labour Party following the latest batch of Epstein files released last week. Speaking to The Times, Mandelson, freshly departed from Labour after 40 years at the top, said he now wants to “contribute ideas that enable Britain to strengthen and [...]

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By: Maria Ward-Brennan

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