Dr. Cyril Roux:

There was a very low underwriting loss of €34 million in 2012. That was negligible, given that over 1 million premiums were collected. The first time we saw a significant material loss was in the 2013 accounts. That came to our attention in 2014. By then, we were already calling on firms to change. We wanted them to act by putting more money into the firms and to look at their business plans. I think it was contemporaneous with the losses. We did not lose any time.