The Worldwide Property Business Panel met online, chaired by Cathy Sethi, with Angela Barker as deputy chair. Compliance with competition law was reiterated, and draft minutes from the previous meeting were approved. Updates included ongoing review of LMA wordings (3022/3023 and 3182) with feedback pending from working parties. Cyber clauses were discussed, highlighting broker amendments that risk broader coverage than intended, with further legal guidance planned. Concerns were raised over broker-amended sub-limits, requiring continued oversight. Claims updates covered cyber claims, large hotel losses in Jamaica, and proposed restructuring of the PICGS group to improve thematic claims handling. Project Spring Clean reviewed 105 wordings, archiving 20 and updating eight. Market conditions noted delayed premium payments, discrepancies in business interruption values, LTA requests, and early policy cancellations. Brazilian insurance law was discussed, with LMA clauses being developed to address new 120-day claims limits. Chair succession and 2026 meeting dates were confirmed.