The Panel welcomed new and re‑elected members.  Key discussions included ongoing work to clarify notification and determination processes for outbreak‑of‑war clauses, with legal reviews underway across multiple jurisdictions. The Panel also agreed to align the T3L terrorism definition with LMA3030B to reduce ambiguity and improve consistency across products.

Updates were provided on new RDS scenarios focused on China–Taiwan conflict stress testing, considered more relevant for PV exposures. Members noted upcoming market events, including the Lloyd’s/Vanbreda meet‑the‑market session and the IFTRIP Conference, with opportunities for underwriter engagement.

The Panel reviewed regulatory and market considerations from the Non‑Marine Committee, discussed talent development via a proposed emerging professionals sub‑group, and noted progress on the 2026 Terrorism Training Course.