{"id":7178,"date":"2025-07-15T13:00:25","date_gmt":"2025-07-15T13:00:25","guid":{"rendered":"http:\/\/calebdewey.com\/?p=7178"},"modified":"2025-07-15T15:04:25","modified_gmt":"2025-07-15T15:04:25","slug":"aon-to-launch-uk-based-captive-management-company-as-demand-anticipated-following-chancellors-speech","status":"publish","type":"post","link":"http:\/\/calebdewey.com\/index.php\/2025\/07\/15\/aon-to-launch-uk-based-captive-management-company-as-demand-anticipated-following-chancellors-speech\/","title":{"rendered":"Aon to launch UK-based Captive Management Company as demand anticipated following Chancellor\u2019s speech"},"content":{"rendered":"

Global insurance and reinsurance broker Aon has announced its plans to launch a UK-based Captive Management Company, a move that comes in anticipation of the new regulations that will allow captives to be domiciled in the UK.<\/p>\n

\"aon-logo-london\"This news follows the UK Chancellor of the Exchequer, Rachel Reeves, confirming that the UK is set to become a globally competitive home for captive insurance following the implementation of a new regulatory framework.<\/p>\n

At the Mansion House Speech, Reeves set out plans for the UK\u2019s financial regulator to create a market for the creation and management of Captives in the UK.<\/p>\n

The package of reforms will prioritise five key growth opportunities to leverage the nation\u2019s existing strengths and maximise its growth potential.<\/a> These include: FinTech, sustainable finance, asset management and wholesale services, insurance and reinsurance, and capital markets.<\/p>\n

This new framework aims to make the UK a strong alternative domicile to other jurisdictions where captives are available (including Vermont and other US States, the Cayman Islands, Bermuda and Guernsey).<\/p>\n

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The UK government initially launched a consultation back in November 2024 on introducing a new framework for captive insurance companies.<\/a><\/p>\n

Ciaran Healy, global captives leader at Aon, said: \u201cWe are fully supportive of the Government\u2019s announcement which will position the UK firmly on the global captive map. For a long time, Captives have played a central role for organisations looking to optimise their overall risk financing strategy and the numbers of captives globally has continued to grow since the concept was developed in the 1960s.<\/p>\n

\u2018\u2019The UK is already home to the world\u2019s leading insurance marketplace in London and it\u2019s only natural that it should also be a competing jurisdiction for captives. The UK has the expertise, reputation and drive for innovation that will ensure success \u2013 and here at Aon we are already very advanced in our preparation to launch a new UK-based Captive Management Company.\u201d<\/p>\n

When the new regulations are implemented, Aon\u2019s new UK Captive Management Company will offer clients greater flexibility as to where to domicile their captive insurance company.<\/p>\n

Subsequently, this will guide clients to the most effective way to structure their risk finance programmes.<\/p>\n

\u201cThe right regulations would result in two things\u2019\u2019, continued Hogg. \u201cFirstly, new formations for UK organisations that previously hadn\u2019t considered forming a captive, but secondly, it could also attract existing captives from other jurisdictions outside of the UK to consider re-domiciling to here.\u201d<\/p>\n

The post Aon to launch UK-based Captive Management Company as demand anticipated following Chancellor\u2019s speech<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Global insurance and reinsurance broker Aon has announced its plans to launch a UK-based Captive Management Company, a move that comes in anticipation of the new regulations that will allow captives to be domiciled in the UK. This news follows the UK Chancellor of the Exchequer, Rachel Reeves, confirming that the UK is set to […]<\/p>\n","protected":false},"author":1,"featured_media":7180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/7178"}],"collection":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/comments?post=7178"}],"version-history":[{"count":3,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/7178\/revisions"}],"predecessor-version":[{"id":7182,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/7178\/revisions\/7182"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media\/7180"}],"wp:attachment":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media?parent=7178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/categories?post=7178"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/tags?post=7178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}