Tokio Marine HCC International has agreed to acquire Direct Commercial Limited, a UK commercial motor managing general agent, in a deal that also includes its sister company, Direct Commercial Premium Finance Limited. Financial terms were not disclosed.

Manchester Airports Group has suffered a major cyber attack in which data relating to around 8.7m customers has been accessed. The group, which operates Manchester Airport, London Stansted and East Midlands Airport, said it became aware of the incident on Tuesday 25 August. The breach is believed to have occurred several days ago.

The UK's National Cyber Security Centre has urged organisations deploying autonomous AI agents to put robust safeguards in place, warning that systems can carry out unintended or malicious activity when they do not behave as expected.

Climate change could cost London’s economy up to £36bn a year by the 2050s without further adaptation, according to a report published by the Mayor of London and London Councils. It estimates annual climate-related damage of between £16bn and £36bn, equivalent to around 3% of London’s economy. The estimate covers potential disruption to businesses, lost working hours and productivity, pressure on services and damage to essential infrastructure.

NorthStandard has joined the Sustainable Shipping Initiative. The insurer will focus on the SSI’s Human Risk and Resilience platform, with the goal of strengthening efforts to ensure seafarers have safe, secure and rewarding careers rather than just meeting minimum compliance standards.

Insurity has partnered with Zurich-based software firm Radity to help insurance carriers and managing general agents modernise complex operations while reducing implementation complexity. The partnership combines Insurity’s cloud-based insurance technology with Radity’s expertise in engineering, systems integration, portal design, legacy modernisation and orchestration.