The UK chancellor’s announcement that it will support the creation of a regime for captives in the UK has been very well received in the UK risk and insurance management community. One leading captive expert has suggested that if done well the UK could become the world’s biggest captive domicile in 10 years. This session will investigate how exactly the regime will be created, what types of captives will be formed and how the London market can support the initiative among other important questions for risk managers.

This session will address the following core questions:

• UK captive regime: What’s the status, timeline and future of the UK onshore captive plan?
• Location strategy: Why choose the UK over traditional offshore captive centres?
• Captive scope: What types of captives will the new regime support (e.g. PCCs, third-party writers)?
• London market advantage: How do Lloyd’s and the wider market boost the UK’s captive appeal?
• Capability & talent: Does London have the expertise to support captives, and how can gaps be filled?
• Global positioning: Can the UK become a leading domicile and attract global captives?