The Personal Accident Business Panel met on 24^th of February 2026, with minutes from the previous meeting approved. Key discussions focused on US jurisdictional risks, where service of suit clauses allow claims to be brought in any US state, creating exposure to unfavourable jurisdictions. Arbitration was identified as a potential mitigation, subject to market acceptance. The panel also reviewed implications of the Economic Crime and Corporate Transparency Act, emphasising the need for robust due diligence on coverholders to prevent fraud and ensure compliance. Concerns around Service Management Brokerage (SMB) fees highlighted inconsistencies in disclosure practices, with agreement to recirculate guidance. Updates included ongoing work to streamline coverholder compliance processes and a review of US Accident policy wording. Broader market topics covered lead and follow dynamics, committee effectiveness feedback, and data challenges with Lloyd’s. Actions were agreed on multiple workstreams, including guidance sharing, further legal input, and member contributions to policy definitions