The committee confirmed the new Deputy Chair and welcomed three incoming members. Updates on the obsolescence clause were noted, with clarification required on the latest version, and members discussed the publication of LSW 1908, highlighting reinsurance challenges. Market issues included increasing use of cancellations and rewrites on 18‑month and multi‑year policies, alongside a wide range of significant global losses across power, renewables and industrial risks. Further updates on the Renewables Energy Committee were deferred. Under AOB, members revisited LEG 2 interpretation concerns, noting conflicting guidance and agreeing to seek a common market view. Additional regulatory developments in Argentina, Brazil and Venezuela were discussed, and the committee effectiveness survey and potential MGA participation were noted for upcoming consideration.