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  • US insurer Chubb Corp reported an "outstanding" second quarter of 2006 with net income rising to $598mn, compared to $495mn for the prior-year period.
  • Neil Strong joins Willis after a hellish summer defending Aon’s practices in placing John Charman’s whole account reinsurance programme
  • CIGNA’s disastrous reinsurance product VADBEs – which provided reinsurance protection to insurers writing variable annuity death benefits during the late nineties – continues to haunt the insurer.
  • Bermudian Max Capital Group Ltd reported third quarter net profits of $66.8mn, up from $26.5mn, and gross premiums written of $223mn, compared to $177.9mn in the prior-year period as a significant deal in its life and annuity business boosted the top line
  • Reinsurance broker RK Carvill has sold its US West Coast operations to its president Brendan Roche for an undisclosed sum.
  • American International Group's (AIG) former chairman and CEO Maurice "Hank" Greenberg could face civil charges after being served a Wells Notice by the US Securities and Exchange Commission (SEC) over his role in two reinsurance transactions.
  • UK insurer Royal & Sun Alliance (R&SA) last week (10 August) reported interim after-tax profits up 22 percent to £238mn on the first six months of 2005, driven by a strong showing in its so-called core group of business.
  • Connecticut’s attorney general, Richard Blumenthal, has issued 20 subpoenas as part of the continuing investigation into anti-competitive practices in the reinsurance industry.
  • Adrian Colosso has been promoted to Group managing director of the broker Heath Lambert, following a year of flux which witnessed the ousting of chief executive David Margrett, a restructuring of its debt and ownership and the selling-off of a number of d
  • The jury in the trial of three former Independent Insurance executives was sent out to consider its verdict on 12 October.