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.

His Majesty’s Treasury has confirmed it will go ahead with designing and implementing a captive insurance regulatory framework for the United Kingdom.

AM Best has affirmed the ‘A-‘ (Excellent) financial strength rating of Texas-domiciled Quanta Insurance Company, Inc (QIC), the single parent captive owned by Quanta Services, Inc.

Norwegian train company Norske Tog has established a pure captive in its home country, making it the second new captive established in the territory in the last 12 months.

German telecommunications company, Deutsche Telekom, is looking to form a brand-new captive in Germany.