The XL on XL draft clause was reviewed, with members debating the inclusion of pro rata wordings. The working party agreed to proceed cautiously, aiming for consensus ahead of renewal season.

Plans for an autumn seminar were advanced, focusing on market responses to emerging risks such as COVID and PFAS, with limited emphasis on cyber. Clyde & Co offered to host, and U35s will be invited to participate.

Members reviewed a draft JSC crypto clause but agreed not to publish at this stage due to market evolution. Claims discussions included the aviation war judgement, the Express Pearl environmental loss, and ARIAS arbitration thresholds. Updates were shared on the Oil Cap attestation clauses.

Committee membership changes and Bermuda’s interest in PREC were also noted.