Warren, N.J.-based insurer The Chubb Corp. is calling upon investors to reject an unsolicited "mini-tender" offer from TRC Capital Corp., which has a history of such questionable practices.

Losses from the Deepwater Horizon and Aban Pearl drilling rigs have left upstream energy insurers with an unprecedented bill of $795 million within the space of a single month, destabilizing the market and driving up rates.

Standard & Poor's said property and casualty insurers will not be able to sustain the current pace of reserve takedowns in the face of deteriorating business conditions in an announcement today.

Arthur J. Gallagher & Co. announced two acquisitions this week, Risk & Reward Group in London and Joseph James & Associates in Dublin, Ohio. Financial terms for the transactions were not released.

Commissions received by property and casualty agencies from their benefits divisions could be affected by medical loss ratio standards state regulators are required to institute.

Fort Worth, Texas-based insurance broker Higginbotham & Associates, a former winner of National Underwriter's Agency of the Year Award, has acquired Houston-based The Essential Insurance Group, LLC.

Universal Insurance Services of Florida, Inc. and Gaines & Smith Financial Group, Inc., have merged into a single business.

New York State regulators have approved an agent association's disclosure statement that insurance agents and brokers can use to inform their clients about their compensation arrangements with carriers.