The capital treatment for captives will be a “key driver” in the success of any future captive regime in the United Kingdom, according to Geraint Alexander, manager of turnaround & restructuring strategy at EY.
The UK Treasury announced on 15 July that the country’s insurance regulator – the PRA – had been instructed to design a “competitive and bespoke” supervisory regime for captives with the aim of implementation by mid-2027.
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