The committee discussed risk updates from S&P, noting regional changes to cargo risk levels. Members agreed that shorter S&P updates are more effective. The Satellite Pre-Launch Working Group progressed wording drafts, seeking broker feedback. Storage and LNG projects continued with challenges on legal clarity, language updates and market engagement. The GCWL team reviewed static elements and perils, aiming for clarity on war and strike coverage. Members highlighted a need for clear communication on policy coverage and broker expectations. The committee welcomed new members and noted broker engagement via LIIBA.