RSA Insurance Group has opened a new office in Luxembourg as part of its preparations for the UK’s exit from the European Union (EU), and has appointed Richard Turner to lead it.
The office will provide a platform for RSA in Europe post-Brexit, minimising disruption to business with EU-based customers and ensuring the business continues to serve UK customers’ needs in Europe, RSA said.
The Group received approval to establish the post-Brexit hub from the Commissariat aux Assurances (CAA), Luxembourg’s official regulatory authority responsible for the supervision of the insurance sector, back in June.
At this time, RSA also indicated that Turner, a 35-year veteran of the firm who previously oversaw RSA’s EU business from the UK, would be appointed as Director of RSA Luxembourg.
Turner will now relocate to Luxembourg to take up his new position, and RSA said that additional appointments within his team would be announced shortly.
Turner commented on the announcement: “RSA Luxembourg demonstrates our commitment to the European Union. Our investment in this office showcases our commitment to continuity for our customers and other business partners across the EU post Brexit.”