The Worldwide Property Business Panel met on 14th April 2026 and approved the previous minutes. Key discussions focused on cyber clauses 5400 and 5410, highlighting inconsistencies in application, broker-driven amendments, and challenges in risk coding and reinsurance alignment. Members noted increasing pressure to write back malicious cyber coverage and agreed the need for greater market consistency and clearer guidance. The panel reviewed progress on the data centres project, identifying aggregation as the primary concern and considering whether a dedicated risk code should be introduced.

Work continued on a model long-term agreement (LTA) wording, with debate over whether to publish a clause or guidance due to potential misuse by brokers. Concerns about broker-amended wordings led to planned actions including direct engagement, regulatory escalation, and potential intellectual property enforcement. Additional updates covered claims committee restructuring, geopolitical risks, Brazil regulations, and market practices, with several actions agreed.