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24 July 2025Alternative Risk Transfer

UK captive and ILS overhaul could sow future risks, Fitch warns

The UK government’s planned insurance-linked securities (ILS) and captive overhaul won’t rattle London market credit quality, for now, but could sow systemic risks down the line, Fitch Ratings warns.

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More on this story

Alternative Risk Transfer
24 September 2026   Says there’s scope to bypass carrier balance sheets with underwriting, claims, captives.
Alternative Risk Transfer
24 September 2026   Mechanisms could provide capacity far beyond the balance sheets of insurers.
Alternative Risk Transfer
17 September 2026   As with life & annuity, so with P&C: make it legible and the flows will take over.