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 UK Treasury announced on 15 July that the PRA had been instructed to design a “competitive and bespoke” supervisory regime for captives, and Captive Intelligence understands the draft regulations are expected to be published for consultation in July.
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