The Panel discussed the implications of war clauses and Article 4 of the NATO Treaty, highlighting uncertainties around automatic termination provisions and the need for clearer market-wide communication protocols. Updates were provided on the withdrawal of NMA 2914/2915 cyber clauses, with emphasis on compliance with Lloyd’s requirements for cyber risk exclusions. Preparations for the upcoming Terrorism Panel Forum were confirmed, including presentations on the Israel Compensation Fund and recent legal advice on LMA3030A. The Panel reviewed recent political violence and terrorism events, focusing on policy wording differences regarding ‘physical loss’ versus ‘damage’ and the impact of recent legal cases. The importance of broker training was noted, with plans to expand LMA Academy programmes. Finally, the need for greater cooperation between the political risk and PV markets was raised in the context of new market RDS drafting.