The Prudential Regulation Authority stated on 29 April 2026 that protected cell company captives would not be included in the initial launch of the UK’s new captive regime, then expected in summer 2027. Legislative changes needed for PCCs to operate as insurers would not be ready in time for the planned consultation or launch. The PRA intended to consult on incorporating PCCs once legislation was in place. It describes

Luxembourg-based captive manager Sogecore in April 2019 acquired Abacus Risk Management Services in Malta. Abacus manages and operates captives and insurance carriers on behalf of their owners; it also offers Protected Cell Company (PCC) services. What is a PCC? A PCC is essentially a slice of a single insurance or reinsurance carrier that operates separately from other such slices in the same carrier. The carrier’s license and support functions