RSA picks Luxembourg for Brexit hub

RSA is to establish a subsidiary in Luxembourg, becoming the latest
carrier to pick the Grand Duchy as the location for its EU hub
after Brexit.
The unit will be the headquarters of RSA's branches in
Belgium, France, Germany, Spain and the Netherlands, the insurer
said.
The carrier also has an extensive business in Scandinavia that
wrote net written premiums of £1.7bn ($2.2bn) last year.
Almost £3.1bn of premium came from RSA's UK and
international unit, which includes the remaining.