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Terrorism and Political Violence Business Panel – 05 November 2025

Market training for brokers was discussed, with several firms expressing interest in LMA Academy training. Key agenda items included the review of war clauses and the withdrawal of NMA 2914/2915 due to regulatory requirements around cyber coverage. Updates were provided on Indian collateralised reinsurance clauses and the review of the LMA5010E UK Terrorism Extension wording. Recent political violence claims trends and regulatory interventions were noted. The Panel also addressed the development of a model market wording for active shooter incidents, upcoming events, panel elections, and the introduction of new cyber risk codes. Additional topics included sanctions, commission disclosure, policy term changes, and the need for ongoing broker training on cyber clauses.