The Most Significant Insurance Problem We Ever Had Was That in Lloyd's

The most significant insurance problem we ever had was that in connection with Lloyd's almost or certain syndicates at Lloyd's almost 20 years ago. We have never bought back shares although there were plenty of times when we thought it would be quite attractive to do it but we've also felt that if we could create more than a dollar of market value by and maybe well more than well over a dollar market value by retaining a dollar that unbalanced that will work out better over time as long as we can find ways to use the cash.