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Terrorism and Political Violence Committee – 07 May 2025

The committee welcomed Jonathan Gray (Pool Re) to discuss the SME terrorism cover consultation, with feedback requested by 14 May. Updates were shared on LMA3030 legal review, cyber clause publications (LMA5668/5669) and the withdrawal of NMA2914/2915 due to non-compliance with Lloyd’s cyber standards. Members were asked to review legacy TPV clauses under Project Spring Clean. The committee noted the publication of SRCC exclusions for contingency business and ongoing review of US T3L. Preparations continued for the 04 June market forum, with Jonathan Hall KC confirmed as guest speaker. Members discussed the LMA5193 Occurrence Clause and its implications for slip wording. Updates from the Non-Marine Committee included regulatory oversight, broker disclosure and US market engagement. Credit control concerns were raised, with suggestions to strengthen premium-related wording.