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Terrorism and Political Violence Business Panel meeting – 01 April 2026

The panel welcomed new panel member Jake Rugg-Price and noted an update that the Saudi Insurance Authority has postponed the foreign reinsurer registration deadline to end-May. The Iran/Middle East situation was disucssed, focusing on emerging exclusionary language, the need for clarity around prescribed terrorist organisations (including IRGC), and the potential to develop a standardised “RUB-style” exclusion, alongside considerations on client communication, occurrence wording and reinsurance. Committee Effectiveness survey feedback was reviewed. Wordings updates included the NATO/war clause project, data centre risk work, and concerns about broker-amended wordings. The new Political Risk RDS pilot timetable was noted, joint claims meeting items agreed, future forum format discussed, and AOB covered the LMA Academy course and NCBR sublimit wording consistency.