With newfound interest from market participants and a significant increase in issuance, the insurance sector of asset-backed securities is expected to prosper in the year 2000, sources say.

"It's finally showing some normal life," said James Doona, a director in the capital markets sector of insurance ratings at Standard & Poor's Ratings Service. "It's been a long time coming. There's been about six billion dollars worth of issuance in the last three years but a chunk of that has been in the last year or so."

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