Regulation

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 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.

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.

There was an optimistic tone to conversations concerning the potential UK captive regime at the Airmic conference this week, as industry readies itself for further engagement with regulators.

The Financial Services Commission of Barbados has launched a consultation, with questions on legal and structural framework, financial and capital requirements and licensing timelines, among other topics.

Tennessee’s business friendly environment and ‘say yes’ attitude are two of the reasons behind the jurisdiction’s continued growth as a captive domicile.

Vermont Governor Phil Scott has signed into law the Department of Financial Regulation’s (DFR) 2025 housekeeping bill, H.137.