The panel received an update from Lloyd’s on the new oversight regime, including segmentation of risk codes effective from 1 January 2026 and the development of new RDS frameworks. Members were briefed on market breakdowns and top country exposures. The PRI Lessons Learnt working group continues to progress a model product informed by Russia/Ukraine experiences. The LMA Wordings Project Spring Clean identified pre-2010 clauses for review, with most deemed still relevant. Updates from the Non-Marine Committee included regulatory scrutiny on volatile lines and legal guidance on broker disclosure. The panel noted upcoming training on Structured Commodity Finance and a wellbeing workshop hosted by NKF. Members were invited to engage with the Save the Children Policy initiative.