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.

President Donald Trump sowed fresh chaos in metals markets by indicating the US would implement a higher-than-expected 50% tariff on copper.

Choosing an insurance broker is an important decision in the purchase of insurance. This guide is designed to offer advice on the process of running a tender for services and negotiating a contract with a broker.

Captives are long term vehicles, and their relevance should not be restricted to a hard or difficult insurance market. The steps taken and innovation achieved over the past four years should ensure they retain their place at the centre of a sophisticated insurance buyer’s risk financing strategy.