A significant discussion focused on developments in the Middle East and a newly identified exposure relating to “war on land” risks within non-poolable programmes. Members highlighted gaps in notice of cancellation practices, particularly where land-based exposures were not captured, and noted the need for careful consideration of any revisions to market wording. A dedicated working group will take this forward. 

The Committee also progressed work on a proposed marine ports and terminals risk code, including consideration of market size and scope. Updates were provided on LSW169A wording development and ongoing challenges in renewables and energy transition liability. Claims and legal discussions touched on pollution liabilities and regulatory alignment, while broader market practices, including brokerage structures, were also considered