Fitch/Business Insurance: UK captive & ILS reforms pose longer-term risks

Planned UK reforms aim to boost competitiveness via proportionate rules. In the near term, no rating impact is expected. Over time, capacity shifts could heighten interconnectedness. Governance and stress-testing matter more than regulatory location. Boards should avoid chasing lighter regimes without robust controls. Source: Business Insurance #Actomate #Europe #MarketInsight #RegulatoryChange