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Dec 2012 Royal Sun Alliance (RSA) has applied to the competent authorities for a license to establish a reinsurance subsidiary. The new offices will be established in Dubai International Financial Center, (DIFC). RSA will focus on large risks emanating from corporate customers. Specialty reinsurance solutions, including engineering, fire, accident and marine will be provided. The objective is to build a portfolio covering the entire MENA region. RSA has been awarded an A+ rating by Standard & Poor’s.