Reinsurers at the annual Reinsurance Rendez-Vous de Septembre meeting are finding rating agencies have a divided opinion of how their industry is faring.

Health insurance reform legislation drafted for the Senate Finance Committee would create a network of nonprofit cooperatives as an alternative provider for the coverage, according to an outline obtained by National Underwriter.

American International Group as a result of ongoing settlement negotiations has now paid $85.6 million related to its workers' compensation coverage for Boston's Central Artery Tunnel (CA/T) "Big Dig" project, it was announced.

Toronto-based Fairfax Financial Holdings Limited is making a bid of approximately $960 million to acquire a minority stake in Stamford, Conn.-based Odyssey Re.