Labour warned it could miss housing targets over tax burden on sector March 4, 2026 A leading construction industry body has warned the Labour government could miss its ambitious house building target as employment costs and tax burdens build pressure on the sector. The Construction Plant-hire Association (CPA), which represents more than 2,000 firms providing critical machinery and expertise to the industry, told City AM Labour will fail to meet [...]
Berkshire Hathaway Specialty Insurance Appoints Rory O’Broin as Global Head of Transactional Liability March 4, 2026 Berkshire Hathaway Specialty Insurance (BHSI) today announced the appointment of Rory O’Broin as Global Head of Transactional Liability. “We are delighted to welcome Rory to BHSI and look forward to the significant contribution he will make to our Global Transactional Liability business,” said Hilary Browne, Global Chief Underwriting Officer at Berkshire Hathaway Specialty Insurance. “His [...]
Services sector cuts jobs and hikes prices after Reeves’ tax raid March 4, 2026 The UK’s services sector has turned to hiking prices and shedding workers in an effort to balance the books in the face of rising cost pressures from government policy. Businesses activity picked up for the tenth-consecutive month in February, according to the latest Purchasing Manager’s Index (PMI) from S&P, but came amid a “solid” amount [...]
Hermes Reply Partners with Lavazza to Develop a New Digital and Efficient Manufacturing Model March 4, 2026 An integrated, data-driven platform powered by AI and Computer Vision to enhance quality, efficiency and traceability across production processes
Profit slides as Beazley eyes Bermuda amid Zurich £8bn takeover March 4, 2026 One of the UK’s biggest listed insurance firms suffered a slide in profit as the company prepares to be acquired by Swiss giant Zurich. FTSE 100 insurer Beazley posted pre-tax profit of $1.14bn (£870m) for the year to end December 2025, a fall of around a fifth compared to the previous year amid a softening [...]
Trump demands US-backed insurance as firms suspend cover in Persian Gulf March 4, 2026 Donald Trump calls for a US-backed insurance following news that most of the world’s largest maritime insurance firms are set to cease covering war risks for ships entering the Persian Gulf. On 5 March, various members of the London-based International Group of Protection and Indemnity Clubs will automatically terminate war-risk cover if vessels enter the [...]
Pictory 2.0 Completes End-to-End AI Video Solution: Unifying Creation, Hosting, and Interactivity March 3, 2026 Pictory, a leading provider of AI-powered video-creation, launched Pictory 2.0, now a fully integrated AI video platform. Designed for content creators and businesses, it enables the creation and hosting of interactive videos. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260303256337/en/ “Businesses told us they wanted one place to create, manage, and deliver [...]
Aberdeen shares slide as outflows widen March 3, 2026 Aberdeen shares slid as its Interactive Investor performance failed to offset persistent outflows elsewhere. The firm’s share price fell 7.3 per cent to 204p in early morning trading, as persistent outflows from its Adviser business dampened overall investor sentiment. Total assets under management and administration (AUMA) grew nine per cent to £556bn from £511.4bn, off [...]
K2 International Launches New Division: K2 Professional Indemnity Limited March 3, 2026 K2 Group Holdings Limited (K2 International), a division of K2 Insurance Services and a leading specialty insurance and (re)insurance underwriting platform based in London, is pleased to announce the launch of K2 Professional Indemnity Limited (K2 PI). This new division, founded by Richard Smart, will write international (non-US) professional liability business on behalf of a [...]
BitGo Europe GmbH Launches Crypto-as-a-Service Across the EEA for EU Fintechs and Banks March 3, 2026 Modular APIs enable EEA-wide rollout of compliant crypto product-suite such as secure onboarding, custody, trading, and on/off-ramps under BitGo Europe GmbH’s MiCAR licensing framework.