KBC GROUP RE SA is the internal reinsurance subsidiary belonging to the KBC Group. The company specializes in protecting the group's bank and insurance entities.
Rating Corporate InformationKBC GROUP RE SA has an "A+" (stable outlook) Financial Strength rating with Fitch (20/03/2017) and a "A-" (stable outlook) rating with S&P (27/10/2017).
The outlook on core entity KBC Group Re is stable because S&P does not expect downward pressure on its core group membership in the next two years, as reinsurance remains an integral part of the group's strategy. S&P also expects the unsupported GCP to remain unchanged over the next two years.
KBC Group RE relies on KBC Verzekeringen for its role as captive reinsurer, business position, strategic direction and asset management expertise.Any changes to its parent's ratings are likely to have a corresponding impact on KBC Group Re's ratings.
The outlook on core insurance entity KBC Group RE is stable because S&P does not expect downward pressure on their core group membership, or on the unsupported GCP in the next two years.