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UK captive insurance regime proposals aim to boost business flexibility

Aon’s Leon Walker said the UK framework is intended to be tailored and competitive, supporting firms that want to establish their own captive insurer.

Reported · Written up by our desk · Reinsurance

Aon’s Europe, Middle East and Asia captives leader Leon Walker said an established framework for UK captives could give businesses more flexibility in how they use captive insurance solutions.

Walker pointed to an open consultation from the Financial Conduct Authority and the Prudential Regulation Authority on introducing a UK captive insurance regime, which the regulators have outlined as a tailored and competitive approach to allow companies to establish their own captive insurer.

He said the proposals mark a milestone for positioning the UK as a competitive and credible captive domicile, noting captives are increasingly viewed as strategic tools for managing risk, accessing reinsurance markets, optimizing capital, and building long term resilience.

Walker also argued the UK’s Lloyd’s and London Market ecosystem, along with the regulator’s focus on proportionality and clarity, could help attract more professionals into captive management roles and expand opportunities for both the sector and its clients.

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