RSA has opened an office in Luxembourg as part of its preparations for the UK’s exit from the European Union, it was announced this morning.

The move comes just days after it was revealed that a number of large UK insurers have contingency plans in place in the case of a ‘no-deal’ Brexit between the UK and the EU. The Financial Times said last week that it had contacted 20 large insurers, most of which said they would still be able to pay claims regardless of the outcome of talks, as fears over a possible no-deal continued to swirl.