On 10 November 2010, KBC signed an agreement with certain funds managed by affiliates of Fortress Investment Group LLC (NYSE: FIG) to sell them the US life settlement portfolio held by KBC Financial Products. The transaction is not material to KBC Group's results and does not impact KBC's Tier-1 ratio.
- KBC Insurance Derivatives is a New York-based specialised business line of KBC Financial Products that stopped originating premium finance loans and acquiring new assets in the life settlements space in September 2008. Premium finance loans provide funds to owners of life insurance policies to pay the premiums on
- KBC Insurance Derivatives is a New York-based specialised business line of KBC Financial Products that stopped originating premium finance loans and acquiring new assets in the life settlements space in September 2008. Premium finance loans provide funds to owners of life insurance policies to pay the premiums on
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