Lloyd’s shared updates on team changes, with Rob Stevenson joining as Director of CAT Risk and Reinsurance and Mirjam moving back to the actuarial team to be interim Chief Actuary. The Nat Cat materiality framework has been updated, with changes due in October; Non-Nat Cat metrics are under review. A strategic overhaul of the RDS framework is underway, including Cyber RDS. Lloyd’s is reviewing modelled CAT loss ratios with selected syndicates to address PRA concerns around model drift. Regulatory updates include streamlined market communications, progress on Solvency UK transition and discussion around adjustments to model change processes. Sub-groups on reporting, model evaluation, casualty and cyber provided updates. Next meeting scheduled in person at Apollo.