The committee welcomed new members and discussed the potential expansion of the group. A proposal to draft a discussion paper on the role of the LMA IAC and Internal Audit, including case studies, was supported and will be considered as part of 2026 objectives. Lloyd’s provided updates on executive changes, with CEO Patrick Tiernan emphasising transparency, cycle management, and Delegated Authority assurance ahead of 2026 business planning. The committee also received a detailed briefing on the BluePrint 2 programme, including testing plans, data transfer, and alignment with modernisation initiatives. Upcoming in-person sessions, including the October conference hosted by BDO, were highlighted, alongside a focus on PRA engagement and internal controls oversight.