Our aim in Europe is to grow organically. We're not considering any acquisitions.

I would agree with most of the concerns, ... Anyone looking at that arena would come to these conclusions and have these concerns very quickly. We wouldn't be doing something unless we had all the concerns addressed.

We have enjoyed excellent working relationships with CGNU and can see further possibilities for future cooperation.

We have enjoyed excellent working relationships with CGNU and can see further possibilities for future cooperation,

The Mellon transaction is a logical and low-risk extension of the Citizens franchise which is not only a good deal in its own right, but opens a range of additional options for us,

It's a very well-established business with significant distribution channels. Our ability to tap into those remains to be seen, but having a partner of this quality and scale gives us access to China that would be inconceivable without the partnership.