From: Captive Intelligence
A three-month consultation on the potential for a captive regulatory regime in the United Kingdom has been launched by the UK’s Chancellor of the Exchequer, Rachel Reeves MP.
Speaking in the Chancellor’s Mansion House speech on the evening of 14 November, Reeves confirmed the Treasury was keen to listen to the views of the captive insurance market on the benefits of facilitating a competitive captive regime in the UK.
“Insurance markets are also pivotal in supporting growth,” she said.
“So we are today publishing a consultation on captive insurance… where a new approach could cement the UK’s position as a leading financial services centre.
“And alongside the regulators’ continued efforts, we will consider further steps to improve the UK’s Insurance Linked Securities offer.”
