Emma RadmoreHM Treasury has confirmed its plans to introduce a new UK captive insurance framework. The PRA and FCA have welcomed the confirmation, and will consult in summer 2026 on the rules and policies needed for an effective and competitive regime.
HM Treasury is also consulting on changes to the Risk Transformation Regulations, proposing to allow more flexible structures, and broadening the uses of protected cell companies. The Government is seeking views on the effects the proposed changes will have and whether they will support development of a UK captive insurance market.