May we check how much outstanding reserves are expected to recover from Best Re as at 30 June 2015? And how much bad provision has been held related to Best Re as at 30 June 2015?
We ask this because we are going to revise the figures in below sentence, to be disclosed in our result letter.
The Company has informed us that it is concerned with the solvency condition of one of its reinsurers, Best Re. As at 30 June 2015, the Company has Baht 14 million outstanding reserves relating to this reinsurer. To address this issue the management has decided to provide Baht 14 million provision in its account as of 30 June 2015.