The committee reviewed Marine elections, noting ballots had been issued and appointments expected by end-February. Legal discussions focused on uncertainty surrounding Brazil regulatory changes, particularly the non-recognition of claims co-operation and control clauses, lack of guidance, and potential implications for energy risks and breach of warranty exposures. Claims updates highlighted leadership transition within the IUA Claims Group, ongoing initiatives to develop younger talent, and concerns over declining market experience.

Sub-committee updates covered progress on offshore wind wordings (including floating wind, WindCAR, and serial loss clauses), continued development of standardised clauses, and increasing claims activity driven by cable failures and construction delays. S&E updates noted new guidance publications, upcoming industry sessions, and growing engagement in market events, alongside focus on QA/QC and well integrity lessons learned. U35s initiatives centred on developing interactive knowledge-sharing sessions for underwriters.

AOB discussions included planning for the April JNRC Forum, feedback on committee effectiveness (emphasising knowledge sharing and external speakers), ongoing Brazil clause considerations including potential wrap-around solutions, and emerging claims trends relating to plugged and abandoned wells, with a working group established to explore further.