Tuesday, July 22, 2025

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GCP #124: The UK enters captive world, so what next?

Julia Graham, Airmic
William Thomas-Ferrand, Marsh
Rob Geraghty, Marsh
Nick Gale, Marsh
David Hogg, Aon
Esme Gould, Zurich

In episode 124 of the Global Captive Podcast, supported by the ⁠EY Global Captive Network⁠, Richard is joined by a host of guests to share reaction and analysis of the news that the⁠ UK will be implementing⁠ a “bespoke” and “competitive” captive insurance regime by 2027.

04.06 – 13.53: Airmic CEO Julia Graham assesses the tone and ambition of the Treasury’s announcement, and explains what role Airmic has to play in the next phase of regulation design and implementation.

14.33 – 26.00: Marsh’s William Thomas-Ferrand, Nick Gale and Rob Geraghty explain why they are buoyed by the announcement, what they hope to see in the final regulations and the extent of interest from prospective captive owners and existing captives.

26.38 – 33.30: David Hogg explains why Aon will be moving quick to establish a captive management company in the UK and why the UK could be an appealing destination for captives.

33.54 – 37.55: Esme Gould, of Zurich Insurance Company, shares why the insurer is excited about developments and the potential opening up of the existing PCC regime to captive business.

UK Captive reads from Captive Intelligence:

⁠Captives Coming Home? … What DataHub tells us about UK-owned captives⁠

⁠UK has all the tools for captive success, but proportionality “key ingredient”⁠

⁠Airmic to push for proportional, risk-based UK captive regime⁠

⁠Aon plans UK captive management company, demand expected⁠

For the latest news, data-driven analysis and thought leadership on the global captive market, visit ⁠Captive Intelligence⁠ and sign up to our ⁠twice-weekly newsletter⁠.