USI Insurance Services announced theacquisition of Alexander & Associates InsuranceServices, LLC. Alexander & Associates will joinUSI's El Paso, Texas, office. Alexander & Associates president,J. D. Alexander said that by combining their P&C practice withUSI, clients will be able to benefit from an expanded suite ofproducts and services.

Chubb Corporation has canceled its July 23conference call to discuss second quarter 2015 financial results,following its July 1 announcement of the proposed acquisition ofThe Chubb Corporation by Ace Limited. Chubbconfirmed its intention to issue a press release reporting itssecond quarter 2015 results after the market closes on July 23.

The Massachusetts Division of Insurance hasapproved overall rate increases for the largest insurance companiesby approximately 9%. This could increase the state's averagepremium of $1,150 by $100. Mapfre USA Corp. will increase rates byan average of 8.9% as of August 1, a sharp spike from last year's2.3%. Daniel McCabe, Mapfre's vice president for New England, saidthat claims resulting from unprecedented events relating to thewinter weather have negatively impacted the insurance industry.

CRU-USA announced the opening of its fourthU.S. office in Dallas, Texas. The Dallas office will serve clientsin both Texas and the Southwest U.S., making it more feasible toservice its Texas carriers, as well as train its Texas-basedadjusters. Paula Shields-Holladay was appointed to manage theoffice.

The Bermuda Monetary Authority registered 45new users and intermediaries during the first half of 2015. Lastyear, the company recorded 44 registrations during the same period.Three new class 4 reinsurers capitalized at a minimum of $100 eachand three new class 3A reinsurers were formed in the commercialreinsurance sector. Registrations for class 1, 2 and 3 insurersincreased from seven to ten year-on-year.

New Empire Group now offers CondoPak inConnecticut. CondoPak is a property and general liability packagepolicy for condominiums, cooperatives and community associations,designed specifically for non-frame condominiums and cooperativeswith building limits up to $25,000,000. In addition to earthquakeand flood coverage, CondoPak also offers coverages for businessincome, broad form water, ordinance or law, employee dishonesty,equipment breakdown and more.