July 24, 2016 11:21 AM ET

Insurance

Company Overview of SACE S.p.A.

Company Overview

Sace S.p.A. provides a range of insurance and financial products and services for companies in Italy and internationally. The company offers credit insurance products, including BT 360° policy that insures global turnover against non-payment risks; BT Facile PMI policy, which insures trade receivables against the risk of non-payment; and BT export development, confirmation of letters of credit, buyer credit, supplier credit, and civil works policies. It also provides surety bonds, such as guarantees for customs duties, tenders and contracts, and tax refunds; construction risks products, including contractor’s all risks, erection all risks, decennial liability, and accident insurance policies...

Piazza Poli, 37 /42

Rome, RM 00187

Italy

Phone:

339 06 67361

Fax:

39 066 736225

Key Executives for SACE S.p.A.

Chief Executive Officer, General Manager and Director
Age: 50
Chief Financial Officer and Executive Officer
Chief Operating Officer
Director of Corporate & Investment Finance
Chief Information Officer
Compensation as of Fiscal Year 2016.

SACE S.p.A. Key Developments

SACE S.p.A. Announces Management Changes

SACE SpA appointed Alessandro Decio as CEO and general manager and Beniamino Quintieri as chairman of the board. Decio replaces Alessandro Castellano as CEO and will leave with immediate effect his job as CEO of ING Groep NV's ING Bank Italy.

SACE Announces Earnings Results for the First Quarter of 2016

SACE announced earnings results for the first quarter of 2016. For the period the company announced profit before taxes of EUR 156.4 million, 4.7% more than at 31 March 2015. Net profit was EUR 101.9 million compared to EUR 100.1 million a year ago. Gross premiums was EUR 38.3 million.

SACE Announces Earnings Results for the Year Ended December 31, 2015

SACE announced earnings results for the year ended December 31, 2015. For the period, the company reported net profit was EUR 406.7 million, 6.2% more than in 2014. The return on equity (ROE) was 9.4%, compared to 7.7% of the previous year. EBITDA was EUR 657.9 million compared to EUR 526.1 million a year ago. Gross premiums was EUR 483.8 million compared to EUR 312.6 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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