The committee met to discuss a range of regulatory, legal and market developments. Chris Po-Ba from Lloyd’s provided a comprehensive update on sanctions, noting the complexities surrounding potential US policy shifts, particularly in relation to Russia, Iran and Nordstream 2. The discussion highlighted the challenges of harmonising international approaches and the limitations of UK law in enforcing asset freezes. Members also explored the implications of the US Superfund initiative targeting energy firms for climate-related damages. Updates were shared on sub-committee activities, including the IUMI facts and figures, the LSW169A wordingand IG blue cards. Legal developments included the long-running Peruvian farmer case against RWE and the King Trader appeal. The group also discussed upcoming Texas tort reforms and the potential for a surge in claims. Other business included plans for an under-35s event, a review of liability wordings and emerging concerns around PTSD and social media-related claims.