Mr. John Cahalan:

I have had some very good conversations with representatives from the Irish Co-operative Organisation Society, ICOS, and Associated Livestock Marts, ALM, which represent marts. We have shared our numbers with them. The facts are that marts are currently loss-making for us. Our combined ratio in that sector is approximately 160%, so for every euro it is costing us €1.60. We are committed to working with the marts and insuring them. A frustration for me is that we are insuring them but our competitors will not insure them because of losses.