Minutes of the North American Casualty Reinsurance Business Panel meeting held on 20th November 2025. ​ Key topics discussed include compliance with competition law, approval of previous meeting minutes, and challenges with XOL clash claims, emphasizing clearer treaty language and market consensus. A working group was formed to address these issues. ​ Updates on US compensation bureau relations highlighted ongoing collaboration with NCCI and WCIRB, including plans for an exchange program and meetings in 2026. ​ The LMA Legacy Wordings project and the establishment of a Cyber Reinsurance Subcommittee were noted, with actions planned for 2026. ​ Updates on claims, medical malpractice, and non-marine committees were brief, with focus on wildfire loss definitions and cyber clauses. ​ The meeting concluded with a tribute to Andrew Winyard on his retirement after 40 years in the market. ​ Future meeting dates for 2026 were confirmed, all scheduled as hybrid meetings.