The Worldwide Property Business Panel, chaired by Angela Barker, met with compliance and competition law reaffirmed and the December 2025 minutes approved. Updates included LMA documents 3022 and 3023, with 3022 signed off and 3023 under review. Property Damage wording 3182 was redrafted to allow flexible selection of signings, gross profit, and jurisdiction. Cyber clauses and broker-amended Treaty Clause 5410 adaptations were highlighted, with ongoing vigilance recommended. Project Spring Clean continued, reviewing clauses for retention, archiving, or refresh, with feedback prompting retention of the Claims Cooperation clause. Market discussions focused on data centre insurance challenges, aggregation risks, inconsistent pricing, and potential new risk codes for digital assets. Lloyd’s property underwriting performance was addressed, with David Dewhurst engaging as the new lead. The PICGS group structure and succession planning were outlined. Updates on Brazil’s SUSEP consultation and the Non-Marine Committee were noted. Meeting dates for 2026 were confirmed, with volunteers requested for ongoing clause reviews.