Regulation

Industry stakeholders have broadly welcomed the UK's proposed captive regime, describing it as an important step towards a competitive international domicile while identifying re-domiciliation, tax clarity and additional captive structures as the next priorities.

The initial reaction to the first proposals for a UK captive regime has been positive from industry experts, although further clarification is already requested in areas such as tax, employee benefits and re-domiciliation procedures.

The Prudential Regulation Authority has outlined its draft regulations for captive insurers in the United Kingdom, including a new “proportionate and tailored” solvency regime outside of Solvency UK.

The Monetary Authority of Singapore (MAS) has launched a consultation on its proposed legislative framework for protected cell companies (PCCs).

Gan Kim Yong, the deputy prime minister and minister for trade and industry, and chairman of the Monetary Authority of Singapore (MAS), confirmed the consultation would be launched soon during the Association of Banks in Singapore (ABS) Annual Dinner on 25 June 2026. 

The UK's captive insurance regime will be "clear, transparent and easy for firms to navigate” according to Shoib Khan, director of insurance supervision at the Prudential Regulatory Authority (PRA).

The Washington State Office of the Insurance Commissioner has published revised rules to clarify the reporting requirements of captives writing business in the State.

The Reserve Bank of New Zealand (RBNZ) has begun a consultation on insurance prudential legislation, with multi-cell captives included in the scope.