Ms Verona Murphy:

It is 300%. What is happening here is that he is with one company and it was assessing five years. That is acceptable. We understand that is how they do it. However, we have competitors in this market. We have at least five underwriters, if not six or seven. They are not competing. His quote comes in at €164,000 from his current insurer and any other quote is upwards. That is not competition.