The working group welcomed David Carlin, who provided an overview of the current climate risk landscape. Members then agreed 2026 objectives, with a clear focus on climate litigation risk and transition risk, including exploring market-wide solutions, sharing legal insights, and developing practical tools such as litigation and transition risk heatmaps and event-driven scenario narratives. Lloyd’s representatives outlined ongoing work to track climate litigation and develop physical risk scenarios with defined triggers, while noting that engagement with syndicates in 2026 will be through standard oversight rather than thematic reviews. Members also discussed introducing sub-group meetings to support delivery of agreed objectives.