A key focus was the definition of an ‘outbreak of war’, with a new cross-market working group progressing guidance to improve clarity around automatic termination provisions in war exclusions. Members highlighted the increasing importance of this work given the absence of formal war declarations.

Feedback from the IUMI conference emphasised evolving risk themes, including logistics, artificial intelligence and wider societal issues. The Committee reviewed progress across sub-committees, including clause development (LSW169A/JL2014), data initiatives and blue card processes, noting continued work to improve clarity and consistency across jurisdictions. Claims and legal discussions covered recent case law on war exclusions and sanctions, as well as implications of the EU ETS regime.