Context
The PRA has announced it will hold an industry roundtable to discuss CP11/26 – A tailored regime for captive insurance, which was published on 14 July 2026.
Key points to note and next actions
- The purpose of the roundtable is to gather stakeholder views on the PRA’s proposals for a new tailored captive insurance regime and to provide additional clarity on the consultation proposals if necessary.
- The proposed regime covers single-parent captives, with plans to extend to other structures in due course. It is separate from the UK Solvency II regime, and includes
- Proportionally lower capital and reporting requirements
- A flexible capital resources framework
- Faster authorisation processes, and
- Tailoring of other regulatory requirements to reflect the typically lower risks of captives.
- It is intended that the proposed regime will make the UK a more attractive place for establishing captives whilst maintaining appropriate safeguards and advancing the PRA’s statutory objectives. The roundtable takes place on 17 September 2026 from 10.00am to 12.30pm and attendees should have read CP11/26 in advance.
- The link to attend is here.