Thanks Denny. You always makes these complicated topics very easy to digest for us. Here is the transcript of the call: http://seekingalpha.com/article/4007924-syncora-holdings-sycrf-ceo-susan-comparato-q2-2016-results-earnings-call-transcript?app=1&auth_param=bangb:1bu89gi:174853b830924e3b61155276e7d51175&uprof=45&utoken=e65e3e0279448525ef2fa50d312610b0