Samiksha Jaiswal (Editor)

Servizi Assicurativi del Commercio Estero

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Industry
  
Insurance

Website
  
http://www.sace.it

Headquarters
  
Rome, Italy

Number of employees
  
723 (2015)

Products
  
Financial services

Owner
  
Cassa Depositi e Prestiti

Founded
  
1977

Image result for Servizi Assicurativi del Commercio Estero

Type
  
State-owned enterprises

Key people
  
Alessandro Decio (CEO and General Manager)Beniamino Quintieri (Chairman)

Parent
  
Cassa Depositi e Prestiti

CEO
  
Alessandro M Decio (Jun 2016–)

Profiles

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SACE is the Italian export credit agency.

Contents

It is governed by Beniamino Quintieri and Alessandro Decio.

History

  • 1977 - Establishment of SACE as public entity under the surveillance of the Italian Ministry of Economy & Finance (MEF)
  • 2004 - SACE is transformed into a joint stock company, whose capital is wholly owned by MEF and enters the short-term credit insurance market
  • 2005 - SACE enters the surety market
  • 2010 - SACE enters the factoring market
  • 2012 - SACE is acquired by Cassa depositi e prestiti
  • 2016 - SACE and SIMEST constitute a hub for exports and internationalization with their One-door initiative

    • Activity

    SACE, 100% controlled by Cassa depositi e prestiti, offers a complex range of instruments for credit insurance, investment protection, the provision of sureties and financial guarantees. The credit insurance is the reduction or transfer to third parties of the risks of insolvency. The insurance includes, from an economic-financial, managing and funding the loan. The risks of construction are all factors capable of damaging a particular company or that she herself may be damaged.

    References

    Servizi Assicurativi del Commercio Estero Wikipedia
    (Text) CC BY-SA


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