Mr. Paul Mercieca:

On Wednesday, 16 April 2014, when Setanta went into liquidation, the statement of affairs prepared by the company directors at the time had a claims reserve, including the initial €17 million, of €28 million. As of Tuesday, 24 March 2015, this has increased to €53 million, an increase of €25 million. Towers Watson reported to me in May 2014 that it projected it could go all the way up to €67.7 million, with a further €20 million or so in terms of further deterioration. However, we have not got to that figure; that is the projected figure.