A key focus was the ongoing review of LSW169 wordings. Phase one revisions, addressing known issues and improving clarity, have been completed and will be circulated for feedback. Proposed updates include refined definitions, clearer coverage structure and enhanced exclusions, with further consideration required for detention provisions.
The Committee discussed new requirements on rights of recourse for dangerous goods, noting the intent to strengthen contractual protections while raising questions regarding the allocation of exposure outside poolable arrangements.
Members also reviewed data insights and performance concerns for long-tail classes, alongside emerging topics including greenwashing and litigation funding. Claims and legal discussions covered AI-related litigation, vicarious liability principles and developing environmental exposures. Broader market updates included geopolitical risks and war-related developments, which remain under close review.