Insurer Aviva has decided to re-register a Dublin-based European holding company in the UK. Aviva Europe SE was set up in Dublin in October 2009 as a holding entity for its European entities.

This reflected Aviva’s intention at the time to move its businesses to a pan-European structure.

“The ongoing economic conditions and the current regulatory environment across Europe have meant that this structure is no longer the optimum strategy for our future business,” read a statement.

“In line with our customers’ increased focus on security and peace of mind, Aviva has chosen to look to strong locally capitalised entities within individual markets.”

Aviva Europe SE does not have any staff in Ireland and Aviva said the transfer would have no impact on employees or customers here.