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A collaboration between property developers, insurers, and technical experts has led to the launch of the UK’s first Commercial Timber Guidebook.

News that the UK government has launched a captive consultation has been welcomed by CICA president Dan Towle who believes it could signal a “new era” in Europe for the sector.

A three-month consultation on the potential for a captive regulatory regime in the United Kingdom has been launched by the UK’s Chancellor of the Exchequer, Rachel Reeves MP.

There is still hope that the Labour Government might look to announce a UK captive consultation at a later date, despite industry disappointed around its exclusion from today’s budget.

There is growing optimism that the United Kingdom government will press ahead with a public consultation on introducing a bespoke captive regime.

HDI Global will be stepping up its presence in the United Kingdom and Ireland captive market in the coming months with a more targeted approach on new programmes.

In this GCP Short, Richard checks in with the HDI Global team to find out how their expansion into the UK and US captive fronting markets is progressing.

Oliver Davies has been appointed chief distribution officer at HDI Global for UK and Ireland, as he continues to build out the industrial insurer’s captive services locally.

While McGill & Partners is focused on broking for large, complex accounts, the prospect of a UK captive regime and further progress at Lloyd’s could tempt the firm into offering captive management services domestically, according to Stephen Cross, group COO & head of innovation & strategy.

While the Labour election victory on 4 July is expected to delay progress on the proposed United Kingdom captive legislation, local industry has not given hope of pushing the new framework through.