Regulation

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

France formally entered the captive landscape in 2023, when it legislated for a specific resilience provision for reinsurance captives, somewhat comparable although not as generous, as that which has been so successful in Luxembourg.

Chris Dalziel shares his views on how the UK could potentially stand out as a domicile option in how it permits capital to be used and allowable investments, and also brings us up to speed on the newly rebranded W1M and its work with captives.

Richard is joined by Amy Antczak, Co-Founder of GreenieRE, and Vermont's Christine Brown to share the case study of a sponsored captive formed to provide additional capacity for renewable energy projects in the United States.

The Vermont Department of Financial Regulation announced last month that Bigglestone would be retiring from the State on 1 January, 2026 after working there for almost 30 years.

If a UK regulatory environment turns out not quite hitting the mark, a new generation of captive curious companies may have been flushed out, sold the dream but chosen Guernsey or another established domicile more suited to their needs.

It is important the United Kingdom’s commercial market respects captives as “a really good friend” rather than simply an “acquaintances” if a domestic regulatory regime is to succeed, according to Chris Lay, CEO of Marsh McLennan UK. 

A dynamic captive market is expanding choice for risk managers and enabling fronting insurers to better meet the needs of clients, according to Joshua Nyaberi, Head of Captive Fronting, Zurich Commercial Insurance.