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Worldwide Property Business Panel – 12 November 2025

The meeting of 7th October addressed corrections to previous minutes, confirming paragraph references in LMA5400. Updates on prior actions included clause 3022/3023 revisions and international wording for LMA3182, with broker feedback pending. Members highlighted misuse of LMA-branded clauses, including 5400B and altered sub-limit clauses, emphasizing improved market communication. The continued appearance of withdrawn clause NMA2914, especially in energy renewals, and improper broker clauses, including non-damage BI writebacks, were discussed. Claims updates covered Lloyd’s major loss tracking (HMJA), ongoing Jamaica power outages, and inconsistent application of clauses such as 5590. Project Spring Clean requested final feedback by 20th of November and sought volunteers for phase two reviews. Market conditions focused on endorsement ambiguities, coverage disputes, and application of ABI volatility clause 5515A. Non-Marine updates included forthcoming reports on lead roles and AI scenarios, wordings updates across multiple sectors, and educational initiatives. The LMA website now supports wider information sharing.