Airmic CEO Julia Graham has welcomed the Government’s go-ahead for a UK captive regime, and has re-emphasised the need for an “ambitious and competitive framework” that is proportional and risk based.
Captive Intelligence broke the news yesterday that Chancellor Rachel Reeves had instructed the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to design and implement a bespoke regulatory regime for captive insurers, while Aon has already announced its plans to open a captive management company in the UK.
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