The Panel were joined by Malik Abbasi‑Antoine, LIC Chief Market Development Officer who provided an overview of Lloyd’s Europe, outlining regional structures and premium distribution, with notable growth in Spain, Italy, and Germany, and increasing use of binders and concentrated broker channels. Updates were given on wording reviews, including Commercial Property BI, where counsel highlighted potential public‑health‑related exposures requiring refinement. Members also discussed the need to revisit the Pool Re LMA5010E terrorism clause following a further update request. Regulatory items included Danish Guarantee Fund reporting and HM Treasury’s revised terrorism definition. The ABI had issued an updated storm definition, which will be circulated to the Panel. Additional updates covered cyber exposures, stress‑testing plans, and war‑risk notification workstreams.