Mr. Fergal O'Leary:

Not yet. As I said to Deputy Chambers in terms of the responses I gave on the public liability study we are doing, that is a key part of this. We are going to be talking to the many insurance companies which operated in public liability here and which have left the market, and we will be travelling to the UK early in the new year. As I said, within the cycle there is a soft part and a hard part but, normally, the hard part does not lead to a whole lot of exit, which is a critical point. The question for us is whether there are things particular to Ireland or is it just investment decisions. What we have learned so far is that these are large companies operating in Lloyds in London and they have a pool of money which they allocate across Europe. Given the relative size of the market here, there is a small bit that may come to Ireland and stay here for a while but the question is what is the decision-making process.

The other thing we have found, as I said in response to Deputy Chambers, is that data is an issue here, and I am not talking just about specific data on claims, costs or premiums. If companies in a foreign jurisdiction are making investment decisions to come here or not, I think the data could be better to allow the companies to make those decisions.