Airmic Members taking a Lead on captives
It will come as no surprise to our readers that the announcement last month that HM Treasury will proceed with implementing a “genuinely competitive, bespoke captive insurance framework” in the UK.
This is a ground-breaking development and although the opportunities will take time to emerge, work is already underway to make this a reality. Airmic members, partners and colleagues in the London Market Group (LMG) have been assembled as a group of experts by the Bank of England. We will keep you up to date as this exciting work progresses. It is however important to reflect, that other domiciles used by Airmic members including those in Guernsey, Luxembourg and Dublin as well as in the US, will continue to be relevant and thrive. The point is – there will be more options for an expanding long-term risk management and risk financing need.
This month we have gone live with the first phase of implementing a new Airmic Customer Relationship Management (CRM) system, with more functionality to come. The new system will make it easier for members engage with Airmic. I hope members will take these changes in their stride – a key success indicator of a technology project well executed!
I can’t end this editorial without mentioning the wonderful Lionesses. They didn’t just win Euro 2025; they conquered it. They faced every challenge and overcame adversity, against some world class opposition with a mix of quality and determination to succeed – the hallmarks of resilience. Resilience is what we all do, and I hope they inspired you as they did the winning team at Airmic!
Julia Graham, Airmic CEO