In October 2015, we announced a new Business Unit, Life Capital, which is managing closed and open life and health insurance books, including the existing Admin Re^® business, since 1 January 2016. This streamlined approach is helping us diversify our business, generate stable returns and seize new opportunities. For our clients, Life Capital provides a pool of primary talent and expertise, including new tools and insights to reach new markets and offer new products. Life Capital gives us a better framework to systematically allocate capital to attractive and growing life and health risk pools.