New captive regime “has potential to strengthen the UK’s position as a leading global insurance centre”
For further information, please contact:
Sarah Cordey, Zurich UK Media Relations Manager
sarah.cordey@uk.zurich.com
07484 925 852
14 October 2026
As the consultation window closes on the creation of a new regulatory framework for captive insurance in the UK, Zurich Insurance is welcoming the boost it could bring to the standing of the whole UK sector.
The Zurich Insurance Group has more than 35 years of experience in captives and already manages more than 600 fronting programmes globally. Zurich is submitting a formal response to the consultations being run by both the PRA and FCA, supporting the efforts to establish a proportionate and competitive regime in the UK.
Esme Gould, Head of Captives and ART at Zurich UK, said:
“At Zurich, captives are a core part of our proposition for commercial clients. They’re a useful and effective way of helping complex businesses manage their risks and establishing a regime here has the potential to strengthen the UK's position as a leading global insurance centre.
“The PRA and FCA have taken a highly collaborative approach to the consultation period and the process has generated significant industry interest. It’s provided valuable opportunities to discuss how a tailored framework can encourage innovation, support corporate risk management and, over time, potentially attract additional insurance activity to the UK.
“The proposed regime recognises the distinct nature of captive insurers and introduces a proportionate approach that should be competitive with existing regimes. We look forward to working with clients as the framework develops, and to supporting the next steps of enabling protected cell company structures as well.”