The document is the minutes/agenda for the Property Reinsurance Business Panel meeting held Wednesday 11 February 2026 (09:30–10:30), in LMA Meeting Room 1 and on Teams, with contact details for Chris Mather. It lists panel members and notes apologies from several attendees. Key standing items include a competition law compliance reminder and approval of the 26 November 2025 minutes. The main technical discussion covers the model wildfire loss occurrence clause, including debate over using “may” versus “must” in specific paragraphs; the group agreed to circulate proposed wording, and the LMA will also review earthquake loss occurrence definitions. Another agenda item discusses NCBR exclusions with fire-following-terrorism write-backs, highlighting jurisdictional issues (notably US/Canada) and keeping the topic for the next meeting with Lloyd’s attending. Project Spring Clean will form a subgroup to review legacy clauses. Updates include new LMA reports and an appointment of Matthew Bellamy as Underwriting Director (start date TBC). A working group on data centres is being formed; Paul Daniel and Joachim Meyer will represent PRBP.