Mr. Domhnall Cullinan:

The simple answer to the question as to whether we went out and did any re-reserving exercise within insurance companies was that we did not. We did not have the capability of doing it. Throughout the 2000s, as I said earlier, our actuarial capacity was between zero and two, and they were almost exclusively devoted towards working on the Solvency II directive that was coming about in Europe. Ideally what one would do in those circumstances would be to outsource it. That was not an avenue that was open to us because of the way section 16 of the Insurance Act was drafted.