Catastrophe bonds hit new record

The catastrophe bond market set a new record for issuance in 2002. Last year's figure of $1.2bn was u...

The catastrophe bond market set a new record for issuance in 2002. Last year's figure of $1.2bn was up on the previous high of $1.1bn for 2000, according to a new report co-sponsored by broker Marsh &

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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