Members discussed committee succession and encouraged nominations for the Chair role following the end of the current tenure, alongside broader engagement with Finance Committee meetings. Priority areas for 2025 were agreed, including reporting rationalisation, finance talent pathways, sustainability reporting, acquisition cost management, premium and aged debt focus, and continued monitoring of FCP. Updates were provided on the new reporting rationalisation steering committee and planned workshops, with managing agent involvement expected as work progresses.

The committee also shared end-of-year reporting experiences, noting mixed feedback from the financial statement tagging pilot, challenges around signing timelines, and ongoing requirements for XBRL tagging. Members were updated on anticipated Lloyd’s communications regarding Solvency UK submission timelines and templates, with further clarification expected at a market briefing in March.