KBC GROUP RE SA is the Luxembourg reinsurance subsidiary belonging to the KBC Group. The company specializes in protecting the group's bank and insurance entities.
This activity represents 85% of the global portfolio.
The other 15% relate to external underwriting activities.
KBC GROUP RE SA has an "A-" (stable outlook) Financial Strength rating with Fitch (31/01/2012) and a "BBB+" (positive outlook) rating with S&P (14/12/2012).
On December 14th 2012, Standard&Poors revised its outlook from stable to positive on Belgium-based KBC Group N.V., the holding company of the group KBC, and on the group's main operating entity KBC Bank N.V. and subsidiaries KBC Insurance, KBC Group Re, and Czech-based CSOB Pojitovna A.S.
|Standard&Poors revises outlook to positive 14-12-2012|
On November 30th 2012, Standard&Poors confirmed its previous rating for KBC Group Re, being BBB+
|Standard&Poors maintains BBB+ rating 30-11-2012|
Following KBC's PEARL reorganization, Hans Verstraete has been appointed as KBC Group Re's Chairman on the 14th of November 2012.
|New chairman for KBC Group Re 14-11-2012|