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UK Commercial Property & Household Panel – 17 June 2025

The Panel were requested to complete a survey to assist in the development of an LMA response to the Pool Re consultation. Updates were provided on the Spring Clean Project, including the review and archiving of outdated wordings and legal review of HIP documents. The Panel considered expanding membership to include international property underwriters and proposed inviting LIC and RICS as future guest speakers. Market feedback from BIBA was discussed, focusing on hybrid carriers and Lloyd’s representation. The ABI Property Panel update highlighted ongoing work on cladding and flooding. Claims trends noted included high building labour and fire losses, subsidence monitoring, and faster claims payment trials. The next meeting was scheduled for September, with plans for a committee social event and further engagement on key industry issues.