UK insurer RSA has opened its office in Luxembourg as part of its preparations for the UK’s exit from the European Union.
The subsidiary - which will provide a platform for RSA in Europe after Brexit - will be led by Richard Turner.
Turner previously oversaw RSA’s EU business from the UK, and has relocated to Luxembourg to take up the newly-created role.
The carrier said Turner would be building out his Luxembourg team with a series of appointments in the coming months.
The Luxembourg platform allows existing EU business to be transferred to the new RSA division by way of a Part VII transfer, a UK mechanism, which allows insurers to transfer policies from one company to another.
“RSA Luxembourg demonstrates our commitment to the European Union,” Turner said.
“Our investment in this office showcases our commitment to continuity for our customers and other business partners across the EU post Brexit,” he added.
RSA’s European arm predominantly works with large commercial clients and employs around 250 people across the continent.