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.

For captives, which are already built to respond with flexibility, parametric solutions offer a practical way to strengthen risk programmes and provide faster, more targeted support.

Tenda, the captive arm of the Ilitch Family Office (IFO), has appointed Cheryl Baker as vice president of enterprise risk management.

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 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.

Aon has committed to launching a captive management company in the United Kingdom, following confirmation from Chancellor Rachel Reeves that a bespoke regulatory regime will be introduced for captive insurance companies.