Dr. Cyril Roux:

Yes, there is urgency. The Senator should have been in the room when I have told firms what they are going to do. We issue letters and make the process formal and we can even issue directions. We can direct them to stop writing business, but usually we do not need to do that. The writing is on the wall. It is better when people come to us, we tell them that we are not happy, this is what we want to see and that is what we see. They call it management action and everyone is fine with that. Management action, indeed, but we will have told them in no uncertain terms what we want to see happen. I refer to various actions that I mentioned earlier in this hearing about parental support, capital injections, reinsurance cover, underwriting discipline and reserving. We get into conversations and things change. This is how we operate.