The topics for discussion will include product risks, efficacy, a possible return to the marketplace and the proposed risk management plan. These are as we would have expected.

In any program run to risk management standards the risk manager will know the compensation all up and down the line. It is certainly best practice for an insured to be aware of the compensation arrangements and the amounts for all professionals and professional services involved in the process.

The call investors have to make is whether Babcock & Brown's strong management team and global reach will allow them to continue to create value. So far, their track record is pretty convincing.

The goal is to come up with aggressive and comprehensive risk management strategies.

As a global leader in risk management services, combining our North American divisions and integrating our products across all lines of business further enhances our ability to provide even greater quality service and drive growth. Our customers will notice that the options and services available to them have been enhanced and that the new structure will provide access to all services from a single entry point.

Our risk management strategy has been to better understand our own products and markets–now and in development–so we can not only respond to the underwriters' concerns, but we can more clearly address our own concerns. At the end of the day, the risk is with the company.