Mr. Bernard Sheridan:

As I was about to say, because of our concern for Irish policyholders, we decided to carry out an inspection to see what impact these allegations, if they proved true, might be having on how claims were handled. We went into the offices, looked at a small number of files and found there was evidence of under-reserving in some cases. It is important to note that under-reserving does not mean a firm is going to go into liquidation.