Leon Walker, Europe, Middle East, and Asia (EMEA) Captives Leader for global re/insurance broker Aon, believes an established captives framework in the United Kingdom has the potential to provide businesses with greater flexibility in their use of captive solutions.
To recap, the Financial Conduct Authority and Prudential Regulation Authority have placed an open call for consultation to introduce a UK captive insurance regime.
The authorities have proposed a “tailored and competitive” regulatory framework to enable businesses to establish their own captive insurer.
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