# SACE

SACE is an Insurance based in Rome, Italy.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Rome, Italy
- **Region:** Europe
- **Address:** Piazza Poli, 37/42, 00187 Rome, Italy
- **Founded:** 1977
- **Assets under management:** 9.1B (Altss estimate)
- **Website:** www.sace.it
- **LinkedIn:** https://www.linkedin.com/company/sace

## Regulatory record

- **Reports private funds:** No

## About

SACE was established in 1977 as a joint-stock company wholly owned by the Italian state. Its sole shareholder since March 2022 is the Ministry of Economy and Finance. The firm provides export credit, investment protection and surety products primarily to Italian companies expanding abroad. Core activities center on export credit insurance, financial guarantees and factoring. The firm maintains a securities portfolio valued at approximately 5.6 billion euros concentrated in government and high-grade corporate bonds. It holds full ownership of SACE BT S.p.A. and SACE Fct S.p.A. and maintains a minority interest in ATIDI. Geographic reach includes Italy as home market plus active programs across Africa and the Middle East through reinsurance treaties with partners such as Saudi EXIM Bank. The firm employs no disclosed headcount figure. It maintains a corporate art collection started in 2004 featuring works by Jannis Kounellis and Bizhan Bassiri. In September 2024 SACE participated as speaker at the Cernobbio Forum discussing Italian export competitiveness. It also sponsored Vinitaly in April 2024 to promote agri-food exports. SACE operates under direct state ownership with the Ministry of Economy and Finance as sole shareholder, creating a governance structure tied to national export policy rather than private capital allocation.

## Sectors

- Insurance
- Export Credit

## Questions

### Who is the sole shareholder of SACE?

The Ministry of Economy and Finance has been sole shareholder of SACE S.p.A. since March 2022.

### What asset classes does SACE deploy capital into?

SACE maintains a securities portfolio of government bonds and high-rated corporate securities alongside direct real estate holdings and operating subsidiaries.

### Does SACE participate in international partnerships?

SACE maintains reinsurance agreements with Saudi EXIM Bank and holds a minority stake in African Trade & Investment Development Insurance.

### What recent events has SACE attended?

SACE spoke at the Cernobbio Forum in September 2024 and sponsored Vinitaly in April 2024.

### Which subsidiaries does SACE fully own?

SACE owns 100 percent of SACE BT S.p.A., SACE Fct S.p.A. and SACE SRV S.r.l.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/sace

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