New Zealand-based specialty insurer CBL Corporation says its European operations will run as normal regardless of the outcome from this week’s UK referendum on European Union membership.

“Either way, it will be business as usual,” CEO Peter Harris said.

CBL Insurance DAC is domiciled in Ireland and will not be affected by the result of Thursday’s vote.

CBL’s UK-based European Insurance Services will probably move its legal domicile to Ireland if the UK votes to leave the EU.