With a 300-year heritage, RSA is one of the world’s leading multinational insurance groups. Today, RSA employ around 23,000 people, serving 17 million customers in around 140 countries. While RSA's origins lie in London, RSA is a global company with businesses in both mature and emerging markets. RSA have major operations in the UK, Ireland, Scandinavia, Central and Eastern Europe, Canada, Asia, the Middle East and Latin America. youTalk-insurance sharing insurance news and video.
RSA's response to Brexit
Five months from the deadline for the UK government to submit its final draft of plans to leave the European Union to the European Council, we’re anticipating a transitional period of up to two years starting in March 2019. If there’s anything we’ve learnt in the current climate and as a company in the business of managing risk, it’s that nothing is certain. As such, we’re preparing for all scenarios, as you'll see in this webinar, recorded on 31st May 2018.
All bases covered
It remains too early to know the exact nature of the final Brexit deal, and so to some extent, we are navigating unchartered waters.
What we can say with complete certainty to our commercial customers, brokers and other partners, is that RSA is firmly committed to delivering first-class products and services and ensuring continuity of service in the coming months and years.
In the short term, a so-called ‘hard Brexit’ (where the UK exits both the single market and the customs union) requires the most internal consideration as to how RSA will operate in the future. Therefore, we’re preparing for this outcome to ensure we continue to maintain and improve service delivery come what may.
The most important step we’ve taken as a business is to begin setting up our new legal entity in Luxembourg to manage our 11-strong branch network in five countries in mainland Europe.
Moving the legal entity for our European businesses from RSA Insurance PLC based in the UK to RSA Luxembourg via a Part VII Transfer in early 2019 will ensure continuity of service for our customers and brokers.
This will involve employing a small number of senior roles in our Luxembourg base, including the head of our continental European business, Richard Turner, who moves from our group headquarters in London.
If you would like to talk to RSA about this video and their plans for Brexit, CLICK HERE, leave a message and youTalk-insurance will pass your enquiry on
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