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UK insurers asked how to enhance captive insurance sector

( November 15, 2024, 09:31 GMT | Official Statement) -- MLex Summary: UK insurance firms and the broader financial sector have been asked to provide feedback on how the government can support the establishment of the captive insurance sector. Captive insurance is a method of self-insurance and risk management whereby the insurer is owned wholly by the insured. "It is a fast-growing global market, but most captives are not established in the UK," the government said. The consultation is open until Feb. 7 next year.Consultation is attached....

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