Closed consultation

Captive insurance

• From: HM Treasury
• Published: 14 November 2024

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Summary

The government is consulting on the potential for a new approach to captive insurance companies, with the aim of supporting the competitiveness of the UK insurance sector.

This consultation ran from
14 November 2024 to 11:59am on 7 February 2025

Consultation description

Captive insurance is a method of self-insurance and risk management. A captive insurer is an entity that insures or reinsures the risk of other companies within the same group. Typical users are large, often multi-national, companies and professional services firms, although smaller businesses and public sector entities also establish captives.

With sustained interest from stakeholders and in the context of a rapidly growing global captives market, the Government wishes to understand the potential of a new approach to captives to support the growth and international competitiveness of the UK’s insurance sector.

Documents

Captive insurance consultation

PDF, 163 KB, 21 pages

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Published 14 November 2024