AI's meteoric rise has the potential to add USD 13 trillion to the global economy by 2030, but its future growth heavily relies on two often-overlooked components: infrastructure and energy. From data centre buildouts to energy-efficient tech, learn how industries are adapting.

The aim of this publication is to provide a Guide for directors to the advantages and potential pitfalls associated with the creation and running of captive insurance companies. We examine this issue principally from the perspective of the parent company or partnership board rather than that of the captive board.

These are exciting times for captives. Captives are now a mainstream part of an agile, intelligent and resilient risk financing strategy regardless of insurance market conditions. The use of captives for the incubation of emerging risks, blended catastrophe covers and sustainability projects is directly aligning the use of captives to the strategies of organisations in an increasingly connected, complex and fast-moving world.

In November 2024, the government launched a consultation on introducing a new framework for captive insurance companies. Responses from representatives of the insurance sector and trade bodies responded positively, expressing support for the high-level proposals outlined in the consultation, noting the importance of simplifying regulations and reducing capital requirements. Moreover, the majority of respondents wanted to go further than the scope proposed – to allow more types of firms to be permitted to set up a captive, and to allow more types of risk to be insured by them.