A cutting tool has a tool body and a cutting insert releasably retained in a pocket of the tool body. The cutting insert has first and second rear insert abutment surfaces and a third forward insert abutment surface and the pocket has first and second rear pocket abutment surfaces and a third forward pocket abutment surface. The first and second abutment surfaces are separated from the third abutment surface by a bore. The third forward pocket abutment surface can be either a socket recessed in a pocket base surface or a protrusion protruding from the base surface; and the third forward insert abutment surface can be correspondingly either a protrusion protruding from an inner surface of the insert or a socket recessed in the inner surface.