The panel discussed the scope and implications of the climate change exclusion clause LMA5570, noting its broad application in the direct market and raising questions about its suitability for reinsurance. Members considered the potential for narrower exclusions and the impact of US-based superfund litigation, with the LMA tasked to review definitions and explore alignment with UN and pollution frameworks. An update from the LMA Exposure Management Working Group highlighted the evolving casualty catastrophe landscape, including scenarios involving mis-selling, pharma and climate change. Members raised concerns about scenario granularity, data availability and methodological consistency. Standing items included updates on Lloyd’s Core Data Record consultation, US casualty review and engagement with NCCI and Paradigm. The panel also reviewed the latest Non-Marine Committee minutes and noted ongoing developments in US tort reform.