The Panel approved the minutes of the March meeting before receiving an update from the Emerging Professionals Group, which had identified a range of future discussion topics including Blueprint Two, US political developments, and financial‑statement literacy. Members were invited to suggest potential guest speakers, particularly on lessons learned and Decile 10.

A progress update was provided on the draft AI paper, which had undergone legal review and would shortly be shared with selected external stakeholders for consultation. Members also discussed evolving approaches to cyber clauses in PI policies, including proposals to incorporate credit‑monitoring and notification services.

The Non‑Marine Committee update highlighted recent Lloyd’s Lab insights, ongoing work on oversight of high‑risk classes, and forthcoming guidance on intermediary remuneration. A detailed presentation on the Building Safety Act outlined significant regulatory changes, increasing liability exposures for consultants, and the growing volume and complexity of construction‑related claims.

The Panel noted updates on the FiPi Claims Group and planned future discussions on market cycles. The next meeting will take place on 31 July 2025.