The group confirmed its 2025 focus areas, agreeing to prioritise underwriting the transition, regulatory expectations following the PRA’s SS3/19 update, and coordinated insights on climate scenario testing. Members discussed practical use of the LMA/KPMG Underwriting the Transition report, highlighting the need for clearer pathways, scenarios and deeper engagement with underwriters. Updates were also shared from Lloyd’s on climate litigation, including work to improve claims data consistency and clarify definitions, alongside regulatory developments and collaboration with wider LMA initiatives to strengthen climate risk analysis and market capability.