The UK’s captive insurance market is buoyant and optimistic that the Prudential Regulation Authority (PRA) is prepared to match the Treasury’s ambitious and implement a genuinely competitive regulatory regime in 2027.
The UK is already a very mature market when it comes to captive utilisation. The corporate community has not required a ‘home’ domicile to become, by some distance, the second largest captive owning country.
HDI has integrated its risk finance department at the executive board level, and going forward, Dr Dirk Höring will assume responsibility for this function.
The Guernsey International Insurance Association (GIIA) has said it welcomes HM Treasury’s captive consultation response, in which Rachel Reeves MP gave a long discussed potential UK captive regime the green light.
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.
The Cayman Islands Monetary Authority (CIMA) has issued 15 new captive insurance licences during Q2 2025, comprising nine Class B(i) and six Class B(iii) licences.
The Department of Labor (DoL) has granted Meta Platforms Inc, the parent company of Facebook and WhatsApp, an Employee Retirement Income Security Act (ERISA) exemption to allow its captive to reinsure certain US employee benefits.
The United Kingdom has everything in place to provide a captive regime that is prosperous and attractive, but the devil will be in the detail, particularly when it comes to proportionality of future regulation, which will be a “key ingredient” in determining the jurisdiction’s future success.
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.
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.
Richard is joined by London-based Stephen Massey, insurance tax specialist at Ernst & Young LLP, to discuss how the international tax treatment of captives has changed over the years and possible consequences of a UK captive regime.