Updated 9 December 2025
The UK government is in the process of establishing a captive insurance framework, in which Airmic has been a key stakeholder. Though this resource page, which will be regularly updated, Airmic seeks to keep our members and the wider risk and insurance community informed and updated through the process.
1. UK Government Consultation
- 14 November 2024: HM Treasury – Captive insurance consultation (now closed) The initial consultation document
- 7 February 2025: Airmic’s submission to HM Treasury
- 7 February 2025: Airmic press release – Airmic calls for a class-based or graded regulatory regime for captives in the UK
- 15 July 2025: The consultation response document HM Treasury – Captive insurance: Consultation response
- 15 July 2025: Bank of England – Joint statement by the PRA and FCA on HM Treasury’s captive insurance consultation response
- 16 July 2025: The Airmic press release – Airmic welcomes HM Treasury’s announcement to proceed with a competitive captive insurance framework in the UK
2. Subject Expert Group Meetings
The UK’s Prudential Regulatory Authority (PRA), in cooperation with the Financial Conduct Authority (FCA), has set up subject expert groups with a wide range of stakeholders, including users of captives as well as financial services firms, to deliver the regime – to gather feedback for policy development and technical matters.
- 9 September 2025: Subject expert group – Introduction meeting
- 25 September 2025: Subject expert group – Authorisations and Protected Cell Companies meeting
3. Airmic Resources
- (with HDI) Captives are integral to strategy: The 2025 captives survey of Airmic members
- (with McGill and Partners) Captive insurance: Perfecting governance: A guide for board directors of parent companies and partnerships
- The risk-intelligent captive: Roundtable discussion hosted by Artex and Airmic
- (with Artex) EXPLAINED Guide: Captive insurance
- (with Aon) Captive Governance: A Practical Guide for Independent Non-Executive Directors on Captive Boards