Highway reviews car product

Broker-only personal lines insurer, Highway Insurance, overhauled its screen-driven EDI Choice Private Car product after a major review of its rating structure.

AXA buys Russian stake

AXA acquired a 37% stake, worth $1.16bn (£586m) in Russian insurer RESO-Garantia, one of the largest insurers in the country. The move follows the attempts of other insurers, including Aviva and Zurich, to exploit Russia's potential as a growth market.

Bush extends Tria

President Bush signed the Terrorism Risk Insurance Revision and Extension Act of 2007 into law, effectively extending the Terrorism Risk Insurance Act (TRIA) for seven years. Willis and Aon applauded the move