Oh, what a year!

2002 has been a tough year for marine markets, thanks to commercial pressures, but the claims history has far from helped. Liz Booth looks back at some of the major events this year.

PUNDITS may look back in time at 2002 and decide that it was a market-turning year. Insurers have been under pressure to improve rates, while coming under equal pressure from the competition to keep rates at lower levels.