The Cyber Business Panel met on 30 June 2026 to discuss market initiatives, emerging risks, and ongoing wording projects. Progress was reported on the LMA Model Type 5 Cyber War Exclusion & Infrastructure Clause, with a revised draft circulated to the working group and discussions focused on achieving consensus. The SME cyber wording neared completion following a final review by the Wordings Committee, with publication targeted for early autumn and potential promotion through BIBA and ABI channels. The panel also discussed Lloyd’s proposed affirmative cyber war risk code, expressing concerns about limited guidance, tight deadlines, and the need for greater clarity before implementation. An upcoming quantum computing event and future training sessions for emerging professionals were highlighted. Updates from the Non-Marine Committee covered broker service fees, data centre risks, outbreak of war projects, and the Digital Assets Act wording review. Members also discussed the growing inclusion of AI liability within cyber policies, stressing the importance of maintaining clear underwriting standards and avoiding unintended coverage expansion.