UK's FCA, PRA plan 2026 consultations on captive insurance rules

Britain's Financial Conduct Authority and Prudential Regulation Authority will begin consultations in summer 2026 on new rules to support a more effective and competitive captive insurance sector, according to a joint statement on Tuesday.

"Our consultations will be based on the scope outlined in [Her Majesty's Treasury]s consultation response," the regulators said. "We particularly welcome HMT's commitment to introduce legislation to enable captives to be established within protected cell companies."