The Panel received updates across key areas. Members were reminded of competition law obligations, the committee’s purpose, and the importance of consistent in‑person attendance. Under US E&O developments, the committee agreed that Josh Miles should attend future meetings for continuity. Claims updates noted the split of the Fin/Pro Claims Committee into FI and PI groups, the upcoming Claims Symposium, and the launch of an LMA podcast series.

Non‑Marine Committee updates covered Lloyd’s scrutiny of business planning, cyber and AI clause considerations, pressure to remove RITC clauses, and the forthcoming Oxbow report on the role of the lead. International PI discussions highlighted concerns around wording drift on Lawyers’ PI, blanket notifications, PFAS, and the FCA’s expanded AML oversight. The LMA International PI Group confirmed no changes to cyber clauses.

Members reviewed quarterly E‑code movements, with actions to circulate data and explore a potential split of E8. Project Spring Clean continued, with unused clauses being archived and further work planned on risk code alignment. Emerging risks included a US regulatory update and plans to invite Lloyd’s US representatives to future meetings. Market development updates noted progress on the Standard Loss Run Project, though implementation of new data fields remains several years away.

Under AOB, the committee discussed subscription market brokerage, emphasising brokers’ fiduciary duties and the potential liability for underwriters aware of non‑disclosure. A compliance checklist was circulated.