The Committee noted that outstanding actions on profit commissions and the US tariffs presentation had been completed and would be removed from the agenda. A detailed claims update highlighted forthcoming structural changes to the LMA Claims Committee, with D&O and FI to be separated in line with underwriting groups. Members discussed a slight rise in shaving‑of‑limits activity, limited uptake of previously circulated wordings, and the continued importance of broad erosion language, particularly in the US. The overall claims environment remained stable, though skills shortages and the growing influence of AI were identified as key considerations for 2026.

Under Legal & Emerging Trends, the Committee reviewed a significant social‑engineering case illustrating the risks of weak I v I clauses and the increasing reliance on D&O where crime cover is absent. Notification practices and cross‑jurisdictional issues were also discussed.

The Non‑Marine Committee update covered recent work on the role of the lead and upcoming AI loss‑scenario outputs. Members noted low D&O participation and encouraged more focused future surveys. Upcoming international events were highlighted, including PLUS in March 2026. The next meeting is scheduled for 12 February 2026.