The Worldwide Property Business Panel met on 12^th of February 2026 and reviewed progress on previous actions, including updates to property wordings and broker engagement, with some items deprioritised due to limited progress. Discussions focused on cyber risk exposure, noting increased requests to include cyber perils in property policies and the need for vigilance to avoid unintended coverage, particularly across different international clauses. Digital assets and data centres were highlighted as an emerging and complex risk area, with challenges around aggregation, valuation, and coverage design; further research is planned. Market conditions were described as softening, with concerns raised about declining underwriting discipline, poor-quality long-term agreements, and risks from electronic placement practices. Additional updates covered reinsurance developments in Brazil, recent LMA publications, and forthcoming engagement with Lloyd’s. The panel also noted rising use of automatic quota share facilities and agreed several follow-up actions to support ongoing market initiatives.