The panel welcomed Arabella Ramage, LMA, to discuss changes to the Property Treaty Cyber Clause (LMA5410), with clarification sought on specific definitions. Wordings updates included LMA5656 FAC RI agreement incorporation endorsement and progress on the 3022/3023 wording project. Claims updates highlighted the LA wildfires and mudslides, with plans for further review. Market conditions were discussed, noting increased facilitisation, automatic follow capacity impacts and cautious engagement with W Space technology. The Non-Marine Committee update noted a shift to thematic issues, while AOB raised concerns over tariffs, valuations and the pace of new business.